CED212 - Economics

Semester

3

Course length

150 minutes / week

Credits

3

CED212 - Economics

Instructor

TBA in every semester

About the course

Prerequisite courses

-

Course description and learning objectives

Student completing this course will be able to:
• Distinguish the principles of macroeconomics
• Discover the forces that are influencing the current situation and government policies in macroeconomics.

Topics include

1. Introduction to the ten principles of economics, thinking like an economist, interdependence and the gain from trade.
2. The economics of the public sector, externalities public goods and common resources, the design of the tax system.
3. The economics of the labor markets, the market for the factors of production, earnings and discrimination, income inequality and poverty.
4. The data of macroeconomics measuring a nation’s income measuring the cost of living.
5. The real economy in the long run, production and growth saving, investment, and the financial system, the basic tools of finance, and unemployment.
6. Money and prices in the long run, the monetary system.
7. Money and prices in the long run, money growth and inflation.
8. The macroeconomics of open economics, open-economy macroeconomics: Basic concepts.
9. The macroeconomics of open economics, a macroeconomic theory of the open economy.
10. Short-run economic fluctuations, aggregate demand and aggregate supply, the influence of monetary and fiscal policy and aggregate demand.
11. Short-run economic fluctuation, the short-run trade-off between inflation and unemployment, final thought five debates over macroeconomic policy.

References

1. Gregory, M.N., 2009. “Principles of Economics”, 5th ed., South-Western Publisher/Cengage Learning.