hn 大二经济学 intrctin.ppt

Introduction to the Course (1) Course title: Economics 1: Micro and Macro Theory and Application Course purpose: It is designed to build on a candidate’s introduction to economics and expose them to microeconomic and macroeconomic applications of theory. It introduce current issues in economics and provides an opportunity for candidates to analyse and evaluate them. Introduction to the Course (2) On completion of the Unit candidates should be able to: 1. Explain costs and the market structure within which a firm operates. 2. Evaluate the impact of unemployment and inflation. 3. Evaluate government use of revenue and expenditure. Assessment Assessment will be by using two instruments of assessment. The first one covering Outcome 1 is an open-book essay of around 1,000 words. This assessment may be built around a relevant case selected from newspaper, journal or internet. The second one will cover Outcome 2 and 3. This assessment will be one closed-book exercise, of no more than 2 hours. Candidates may bring with them source notes. Knowledge for Outcome 1 Costs of the firm — short run and long run costs. Characteristics of market structures — perfect competition, monopoly and oligopoly. Price and output behaviour in perfect competition, monopoly and oligopoly. The role of profit maximisation. Alternatives to profit maximisation. Evidence Requirements for Outcome 1 A candidate’s should be able to demonstrate an understanding of cost in either the short or long term assess the characteristics, price and output behaviour of two market structures explain two roles of profit maximisation analyse two alternatives to profit maximisation. Knowledge for Outcome 2 Unemployment Types of unemployment Solutions to combat unemployment Impact of unemployment individuals and businesses Inflation Types of inflation — Keynesian and Monetarist views Solutions to combat inflation Impact of inflation on individuals and businesses Recent trends in unemployment and inflation i