Economics Theory

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; Analyze market structures; Measure inflation, unemployment, and economic growth; Analyze goods market and financial markets; Analyze economic system and economic crisis

Topics :

1. The Scope and Method of Economics and The Economic Problem: Scarcity and Choice
2. Demand, Supply, and Market Equilibrium, Demand and Supply Applications and Elasticity
3. Household Behavior and Consumer Choice
4. The Production Process: The Behavior of Profit-Maximizing Firms
5. Short-Run Costs and Output Decisions; Long-Run Costs and Output Decisions; Input Demand: The Labor and Land Markets
6. Input Demand: The Capital Market and the Investment Decision
7. General Equilibrium and the Efficiency of Perfect Competition
8. Monopoly and Antitrust Policy
9. Oligopoly
10. Monopolistic Competition
11. Externalities, Public Goods, Social Choice  Uncertainty and Asymmetric Information
12. Income Distribution, Poverty and Public Finance: The Economics of Taxation
13. Introduction to Macroeconomics, Measuring National Output and National Income
14. Unemployment, Inflation, and Long-Run Growth
15. Aggregate Expenditure and Equilibrium Output
16. The Government and Fiscal Policy
17. The Money Supply and the Federal Reserve System
18. Money Demand and the Equilibrium Interest Rate
19. Financial Crises, Stabilization, and Deficits
20. Household and Firm Behavior in the Macroeconomy
21. Long-Run Growth; Alternative Views in Macroeconomics
22. Aggregate Demand in the Goods and Money Markets
23. Aggregate Supply and the Equilibrium Price Level
24. The Labor Market In the Macro economy
25. International Trade, Comparative Advantage, and Protectionism
26. Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates
27. Economic Growth in Developing and Transitional Economies