ECO1010: Principles of Economics

Abstract

COURSE DESCRIPTION This is an introductory course to economic theory. The purpose of this course is to introduce the student to the disciplines of economics and provide a basic understanding of how it functions in today’s society. The course introduces economic reasoning as well as techniques and processes of thinking used by economists in their attempts to analyze and explain the complex social institution we call the Economic System. The course centers on understanding the market for inputs and outputs and behavior of the consumer as well as the firms. It focus on the macro picture, particularly topics such as national income accounting, aggregate price levels and labor market measurements.