Course Introduction to Economic Theory

This course is designed with a comprehensive structure, starting with an introduction to the basic concepts of macro and microeconomics and the application of supply and demand in everyday life. Discussions on the mechanisms of price formation in markets, the role of elasticity, and government interventions provide insights into market dynamics. Meanwhile, the analysis of individual consumer and producer behavior helps students understand the factors influencing individual economic decisions. Ultimately, the emphasis on macroeconomic theory allows students to grasp the broader relationship between various economic aspects within a national economic system, such as national income, consumption, savings, and investment, providing a solid foundation for understanding economics from multiple perspectives   Course Material: ·         Basic concepts of macro and microeconomics ·         Concepts of demand and supply and their application in daily life ·         Concepts of price formation mechanisms in markets, elasticity coefficients, and price determination by the government ·         Individual Consumer Behavior ·         Individual Producer Behavior ·         Concept map of macroeconomic theory ·         Concept of national income ·         Consumption, savings, and investment ·         Two-sector economy ·         Three-sector economy Four-sector economy

Program Objectives (PO)