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:
- The Scope of Microeconomics
- Supply, Demand , Market and consumer Behavior
- The Production Process and Cost Process
- Input Demand: The labor, Land Markets
- Structure Market : Perfect Competition, Monopoly, Oligopoly and Monopolistic Competition
- Externalities and Asymmetric Information
- The Scope of Macroeconomics : Unemployment, Inflation, Growth, and Income Distribution; Aggregate Output
- The Government and The Fiscal Policy
- The Money Supply and Money Demand and The Monetary Policy
- Aggregate Demand in the Goods and Money Markets
- Aggregate Supply in the Goods and Money Markets
- International Trade and Open-Economy Macroeconomics
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