Economics 2Course Description:
Economics 2 is an intermediate-level online course that builds on the principles of microeconomics and macroeconomics. This course will introduce you to more advanced concepts in economics such as market structures, game theory, international trade, monetary policy, and fiscal policy. You will also develop your critical thinking and problem-solving skills as you explore real-world examples and case studies.
Through interactive lectures, readings, discussions, and assignments, you will deepen your understanding of economic theory and its practical applications. This course is ideal for students who have a basic understanding of microeconomics and macroeconomics and are looking to take their knowledge to the next level.
Course Objectives:
- Analyze different market structures, including perfect competition, monopolistic competition, oligopoly, and monopoly
- Explain the impact of government policies on market outcomes, such as price controls, taxes, and subsidies
- Understand the basics of game theory and apply it to decision-making in strategic situations
- Analyze the benefits and drawbacks of international trade and its impact on different countries
- Evaluate different exchange rate systems and understand how they affect international trade and investment
- Understand monetary policy, including the role of central banks, interest rates, and the money supply
- Analyze fiscal policy and its impact on the economy, including taxation and government spending
- Understand the basics of economic growth, including factors that contribute to it, such as technology and human capital
- Evaluate different approaches to income distribution and poverty reduction, including welfare programs and minimum wages
- Apply economic analysis to real-world problems and make informed decisions based on economic principles
