ECON1010/UGEC1511 PERSPECTIVES IN ECONOMICS

This is an introduction to the nature of the economic problem and how society and man deal with the economic problem. It will cover resource allocation and the concept of economic efficiency, product and factor markets, macroeconomic indicators and the nature of macroeconomic problems, and macroeconomic policy. Economic concepts and theories will be applied to various social and economic issues such as marriage, crime and government policies. (Not for students who have taken DSME1030, 1040, ECON2011 or UGEC1511.)