ECON1103 — Essentials of Economics
The first half of the course develops theories related to individual and firm decision-making. Students will learn how consumers and producers respond to price changes, how price is determined in the market, concepts of elasticity, gains from trade, and how different types of firms maximize profit. The latter half of the course will introduce the theories related to aggregate economy. Specific attention will be given to models that explain business cycles fluctuations and policy initiatives to ameliorate them.