People Innovation Excellence

ECONOMIC THEORY (2 Credits)

Learning Outcomes:

On successful completion of this Course, students will be able to: 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;
  8. Aggregate Output;
  9. The Government and The Fiscal Policy;
  10. The Money Supply and Money Demand and The Moneter Policy;
  11. Aggregate Demand in the Goods and Money Markets;
  12. Aggregate Supply in the Goods and Money Markets;
  13. International Trade and Open-Economy Macroeconomics

Published at : Updated

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