Economics Theory (4 Credits)

Learning Outcomes:

Explain basic concept of economic theory; Apply consumer behavior, producer behavior, and market equilibrium (Microeconomics) and inflation, unemployment, and economic growth (Macroeconomics); Analyze market structures in Microeconomics markets, goods market and financial markets in macroeconomics markets, and economic system and economic crisis

Topics:

1. The Scope of Microeconomics
2. Supply, Demand , Market and consumer Behavior
3. The Production Process and Cost Process
4. Input Demand: The labor, Land Markets
5. Structure Market : Perfect Competition, Monopoly, Oligopoly and Monopolistic Competition
6. Externalities and Asymmetric Information
7. The Scope of Macroeconomics : Unemployment, Inflation, Growth, and Income Distribution; Aggregate Output
8. The Government and The Fiscal Policy
9. The Money Supply and Money Demand and The Monetary Policy
10. Aggregate Demand in the Goods and Money Markets
11. Aggregate Supply in the Goods and Money Markets
12. International Trade and Open-Economy Macroeconomics