Survey of Economics

1.Brief Course Information

Course Code:  092604
Course Name: Survey of Economics
Course Type: Specialty course
Periods: 32
Credits: 2
Target Students: Undergraduates Majoring in Business English
Assessment: in-class assessment
Preparatory Courses: Integrated Business English 

2.Brief Course Introduction

Economics theory is the fundamental theory of all financial and management studies. Economics focuses on the behavior and interactions of economic agents and how economies work. Consistent with this focus, primary textbooks often distinguish between microeconomics and macroeconomics. Microeconomics examines the behavior of basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the entire economy (meaning aggregated production, consumption, savings, and investment) and issues affecting it, including unemployment of resources (labor, capital, and land), inflation, economic growth, and the public policies that address these issues (monetary, fiscal, and other policies). This course was specifically designed for Business English majors to expand their views and stimulate their ways of thinking as well as establish their fundamental knowledge in basic economic theories to build a solid foundation for further academic research.