| Year Level: 1 | ||
| Equivalent GE Area(s) in 2011/2012 Model: |
Area 9 – Macao, China and other Societies | |
This course provides an introduction to the basic ideas in economics. It will discuss how individuals and firms make their decisions and how to interact with each other. The operation of markets, including the competitive markets and monopolists markets, will also be discussed. The course will also explore the functioning of labor market, product market and other factor markets. The course will use real-world examples to illustrate the economic principles and their applications.