Economics

Course summary

You will study: - Economic methodology and the economic problem - Individual economic decision-making - Price determination in a competitive market - Production, costs, and revenue - Perfect competition, imperfectly competitive markets, and monopoly - The labor market - The distribution of income and wealth: poverty and inequality - The market mechanism, market failure, and government intervention in markets - The measurement of macroeconomic performance - How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts - Economic performance - Financial markets, regulation, and monetary policy - Fiscal policy and supply-side policies - The international economy