Economics_ notes_22-04-17.pdf - Economics Lecture 2 23...

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Economics Lecture 2 23 April 2017 AARIFAH RAZAK
Course Overview 1. Introductory Economic Concepts 2. Microeconomic Concepts a. Demand and Supply b. Elasticity c. Firm’s Output and Cost d. Market Structure 3. Macroeconomic Theory a. Gross Domestic Product (GDP) b. Theory of Inflation c. Unemployment and the Philips Curve d. Macroeconomic Policy
Lecture Schedule Lecture Dates Topics Module Guide References: 1 25 March 2017 Introduction to Economic Concepts Demand Supply Elasticity Chapter 1 Chapter 2 Chapter 3 2 23 April 2017 Production and Costs Market Structure GDP Chapter 4 Chapter 5 Chapter 6 3 20 May 2017 Theory of Inflation Unemployment and the Philips Curve Macroeconomic Policy Chapter 7 Chapter 8 Chapter 9