This module is designed to introduce and build an understanding of economics at the foundation level. The module covers basic but essential elements in microeconomics and macroeconomics. There is no assumption of any prior knowledge of economics or mathematics. Microeconomics includes supply and demand, consumer and producer problems, and the market structure. On the other hand, macroeconomics includes aggregate economy, short-run economics fluctuations, macroeconomic policies and the open economy
The aims of the Economics module are to:
- Introduce students to the main economic principles, theories and concepts at foundation level.
- Introduce students to the main conclusions derived from economic analysis and develop students’ understanding of economic implications.
- Enable students to develop analytical skills using simple mathematics techniques and economic diagrams.
By the end of this module a student will be expected to be able to:
1. Define and discuss the main economic principles, theories and concepts at foundation level.
2. Use relevant economic diagrams to support arguments or complement with the analysis.
3. Solve economic questions mathematically and interpret the results.
4. Apply and use the main economic models to explain case studies and real life situations.
Full details of economics module can be found in 'module descriptor' under the section of 'Module Information'
- Module Supervisor: Anyarath Kitwiwattanachai