Course Overview
|
Course Synopsis
|
This course mainly focuses on Microeconomics and Macroeconomics. Microeconomic theory focuses on the behavior of consumers, firms and resource suppliers. We will develop an understanding of how markets work to allocate limited resources to their most highly-valued uses. Macroeconomic theory focuses on the economy as a whole. One of the goals of this course is to help you develop a basic understanding of how the macro economy works in particular the extent to which different policies can be used to achieve specific macroeconomic objectives. This course also highlights the areas of international trade, money and banking etc.
|
Course Learning Outcomes
|
At the end of the course, you should be able to:
- Explain basic economic concepts pertaining to the market system and demonstrate the ability to comprehend terminology used in news media, national debates over issues, and daily conversation.
- Describe the functioning of market forces, i.e. demand and supply in competitive market system.
- Give reasoning, evaluation of the national and international economic issues in and out of the classroom.
- Apply the basic principles of economics in your own life.
|
Course Calendar
|
|
|
Week 01
|
1
|
Introduction to Economics
|
|
2
|
Introduction to Economics (Continued)
|
|
3
|
Demand, Supply and Equilibrium Analysis
|
Week 02
|
4
|
Demand, Supply and Equilibrium Analysis (Continued1)
|
|
5
|
Demand, Supply and Equilibrium Analysis (Continued2)
|
Week 03
|
7
|
Elasticities (Continued1)
|
|
8
|
Elasticities (Continued2)
|
|
9
|
Consumer Behavior: Consumption Side Analysis
|
Assignment
Week 04
|
10
|
Consumer Behavior: Consumption Side Analysis (Continued1)
|
|
11
|
Consumer Behavior: Consumption Side Analysis (Continued2)
|
|
12
|
Consumer Behavior: Consumption Side Analysis (Continued3)
|
Quiz 01
Week 05
|
13
|
Producer Behavior: Production Side Analysis
|
|
14
|
Producer Behavior: Production Side Analysis (Continued1)
|
|
15
|
Producer Behavior: Production Side Analysis (Continued2)
|
Week 06
|
16
|
Producer Behavior: Cost Analysis
|
|
17
|
Revenue and Profit Maximization Analysis
|
Quiz 02
Week 07
|
19
|
Market Structures (Continued1)
|
|
20
|
Market Structures (Continued2)
|
|
21
|
Market Structures (Continued3)
|
Week 08
|
22
|
Market Structures (Continued 4).
|
|
24
|
Welfare Economics (Continued)
|
Week 09
|
25
|
Introduction to Macroeconomics
|
|
26
|
Introduction to Macroeconomics (Continued1)
|
|
27
|
Introduction to Macroeconomics (Continued2)
|
Week 10
|
28
|
National Income Accounting
|
|
29
|
National Income Accounting (Continued)
|
|
30
|
Macroeconomic Equilibrium: The Determination of Equilibrium Income
|
Week 11
|
31
|
Macroeconomic Equilibrium: The Determination of Equilibrium Income (Continued1)
|
|
32
|
Macroeconomic Equilibrium: The Determination of Equilibrium Income (Continued2)
|
|
33
|
The Four Big Macroeconomic Issues And Their Inter-Relationships
|
Week 12
|
34
|
The Four Big Macroeconomic Issues And Their Inter-Relationships (Continued1)
|
|
35
|
The Four Big Macroeconomic Issues And Their Inter-Relationships (Continued2)
|
|
36
|
The Four Big Macroeconomic Issues And Their Inter-Relationships (Continued3)
|
Week 13
|
37
|
The Four Big Macroeconomic Issues And Their Inter-Relationships (Continued4)
|
|
38
|
The Four Big Macroeconomic Issues And Their Inter-Relationships (Continued5)
|
|
39
|
The Four Big Macroeconomic Issues And Their Inter-Relationships (Continued6)
|
Week 14
|
40
|
The Four Big Macroeconomic Issues And Their Inter-Relationships: Bilateral Relationship among the "Big Four" and Fiscal Policy
|
|
41
|
Fiscal Policy, Money and Banking
|
|
42
|
Money, Central Banking and Monetary Policy
|
Week 15
|
43
|
Money and Goods Market Equilibrium: IS-LM Framework
|
|
44
|
International Trade and Finance
|
|
45
|
Problems of Lower Income Countries (LICs)
|
|
|
|