Introduction to Economics

Economics is a significant social science which not only prepares students to study business but helps us understand the world around us. This introductory course will give you an understanding of the range of behaviours that economists investigate, introduce you to the basic tools that we use to analyse the economy, and apply these tools to public policy issues. It offers students the opportunity to explore microeconomic concepts such as market supply and demand, externalities, and industrial organisation, as well as macroeconomic concepts such as money, interest rates, inflation and unemployment. The course will examine, through readings and case studies, different economic models, the impact of globalization, what makes an economy grow and how — and if — a state should intervene in the market.