Learning Outcomes:
• To understand the basic concepts and principles of economics
• To be able to make basic economic analysis to solve real problems, and know the rationale behind real world economic phenomenon
• To be able to learn more advanced economic modules, and read academic papers related to economics
Indicative Module Content:
Week Topic
2 Basic concepts, economic systems.
3 Supply and demand, consumer choice.
4 Production and cost, short run and long run
5 Different types of costs, profit maximization
6 Perfect competitive market, monopoly.
7 oligopoly, monopolistic competition.
8 Labor market, wage, discrimination.
9 Economic efficiency, welfare loss, regulations.
10 Banking system and money policy.
11 GDP, GNP, GPI, unemployment
12 Business cycle, international trade
13 Revision