Economic Issues - An Introduction (J46147)

Overview

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Learn fundamental economic principles including scarcity, opportunity cost, supply and demand, and market equilibrium while developing skills to apply these theories to real-world scenarios. Master the analysis of economic data and trends to predict future market behaviors, evaluate the impacts of various economic policies, and construct well-reasoned arguments supporting or critiquing economic theories using evidence and logical reasoning.

Syllabus

Understand and explain key economic concepts such as scarcity, opportunity cost, supply and demand, and market equilibrium.
Apply economic theories to real-world situations and predict the possible outcomes.
Analyse economic data and trends to make informed predictions about future market behaviours.
Evaluate the potential impacts of different economic policies and make informed decisions based on these evaluations.
Create well-structured arguments to support or critique economic theories and policies, using evidence and logical reasoning.