2021 Faculty Courses Liberal arts and basic science courses Humanities and social science courses
Economics A
- Academic unit or major
- Humanities and social science courses
- Instructor(s)
- Qizhong Yang
- Class Format
- Lecture
- Media-enhanced courses
- -
- Day of week/Period
(Classrooms) - Intensive
- Class
- -
- Course Code
- LAH.S109
- Number of credits
- 100
- Course offered
- 2021
- Offered quarter
- 2Q
- Syllabus updated
- Jul 10, 2025
- Language
- English
Syllabus
Course overview and goals
This lecture is open to all students interested in economics, with or without prior knowledge. The course covers the basic knowledge of microeconomics, macroeconomics, and econometrics. Microeconomics is a branch of eonomics that deals with economic units such as individuals, households, and businesses that are the smallest unit. Macroeconomics is another branch that studies economic phenomena of the entire country, tabulating economic activities such as GDP and unemployment. Econometrics is the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference. The goal of this course is to guide students to think about various economic phenomena in daily life as economists.
Course description and aims
The objective of this course is to acquire the following abilities.
1) Understand the behavior of consumers and producers in microeconomics and the basics of game theory
2) Understand the major indicators in macroeconomics and the relationship between total demand and supply of the country
2) Understand the basics of statistics and the necessity of causal inference in econometrics
Keywords
Microeconomics, Macroeconomics, Econometrics
Competencies
- Specialist skills
- Intercultural skills
- Communication skills
- Critical thinking skills
- Practical and/or problem-solving skills
Class flow
Lectures are conducted in English. Active learning methods will be actively adopted in order to encourage students' independent learning.
This is a three-day intensive course, and dates and time periods are as follows:
**Period 5-6 are scheduled 14:20-16:00
August 16: Class 1(Period 1-2), Class 2(Period 3-4), Class 3(Period 5-6**)
August 17: Class 4(Period 1-2), Class 5(Period 3-4)
August 18: Class 6(Period 1-2), Class 7(Period 3-4)
Course schedule/Objectives
| Course schedule | Objectives | |
|---|---|---|
| Class 1 | Microeconomics: consumer theory and producer theory | The outline of this course Understand the deciding mechanisms of consumer and producer behavior |
| Class 2 | Microeconomics: demand and supply, market equilibrium | Understand the concept of market supply and demand, market equilibrium |
| Class 3 | Microeconomics: game theory | Understand the concept of game theory and market equilibrium |
| Class 4 | Macroeconomics: GDP and the principle of equivalent of three aspects | Understand the concept of GDP, and the essence of the principle |
| Class 5 | Macroeconomics: IS-LM model and AD-AS model | Understand the derivation and application of IS-LM model and AD-AS model |
| Class 6 | Econometrics: the basics | Understand the basics of statistics, and the concept of econometrics |
| Class 7 | Econometrics: the application | Understand the difference between correlation and causality and the concept of causal inference |
| Class 8 | Final exam |
Study advice (preparation and review)
Textbook(s)
None required. Handouts will be distributed before the lecture.
Reference books, course materials, etc.
1) N. Gregory. Mankiw. 1997. "Principles of Economics". Cengage.
2) Jeffrey M. Wooldridge. 2000. "Introductory Econometrics: A Modern Approach (7th)". Cengage.
**The old versions of these books are acceptable.
Evaluation methods and criteria
Final exam: 70%
Quiz/Homework: 30%
Related courses
- LAH.S209 ： Economics B
- LAH.S310 ： Economics C
Prerequisites
None required