Course Description:
This foundational course introduces students to the principles of microeconomics. It focuses on how individuals, households, and firms make decisions regarding resource allocation in a world of scarcity. Topics include supply and demand, market structures, consumer behaviour, production costs, and the role of government in market regulation.
Learning Outcomes:
- Understand basic microeconomic concepts and principles.
- Analyse supply and demand dynamics and their impact on market equilibrium.
- Evaluate the effects of government intervention on markets.
- Apply economic theories to real-world decision-making scenarios.
Course Description:
A continuation of Intro. to Economics I, this course focuses on macroeconomics. It explores economic systems at a national and global level, covering topics such as GDP, unemployment, inflation, fiscal and monetary policies, and international trade. Students will learn to analyse the economic performance of countries and the implications of global economic policies.
Learning Outcomes:
- Understand macroeconomic indicators and their significance.
- Analyse the role of fiscal and monetary policies in economic management.
- Evaluate the impact of international trade on domestic economies.
- Apply macroeconomic principles to assess national and global economic trends