Course objectives
Lecture 1. A FIRST LOOK AT MACROECONOMICS | Lecture 2. MEASURING GDP AND ECONOMIC GROWTH | The Labor Market | IV. Why Labor Productivity Grows | Three Labor Market Indicators | Types of Unemployment | Constructing the CPI | I. Financial Institutions and Financial Markets | II. The Market for Loanable Funds | III. Government in the Market for Loanable Funds |
Students should be able to:
- apply economic principles to current issues in a global environment,
- understand macroeconomic principles, concepts, and theories,
- select appropriate analysis techniques to analyze problem data,
- understand how the governmental policies affect an increasingly open world economy,
- use macroeconomic models to describe and analyze economic issues
- apply the tools necessary to research diverse cultures and apply that knowledge to appropriate business practices
- to apply concepts related to the production and distribution of goods and services
Course content
The bachelor program teaches students how to analyze social and economic systems. This gives them flexibility in thinking and in choice of career. The program emphasizes intuition and simple estimation. Students will learn where and why inflation occurs but probably not how to predict the rate of inflation.
5.3 Course plan
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