We do not grow old as long as we strive to improve ourselves.
Learn the principles of price determination through the laws of demand and supply, and understand how policy changes affect market equilibrium and elasticity.
Analyze the process of a consumer's rational choice to maximize utility within a limited budget using indifference curves and budget lines.
Understand how firms combine factors of production to maximize profit and analyze the cost structures associated with different production levels.
Analyze market characteristics and equilibrium from Perfect Competition to Monopoly and Oligopoly, and understand strategic interactions in Oligopoly using Game Theory.
Learn how the prices of production factors like labor and capital are determined, and study indicators for measuring social inequality and redistribution policies.
Study why markets may fail to allocate resources efficiently, covering externalities, public goods, and information asymmetry, and explore Coase Theorem and government intervention strategies.
Study GDP, the indicator for measuring national economic scale and performance, and understand the difference between nominal and real GDP.
Understand the differences between the two major streams of macroeconomics, the Classical and Keynesian schools, and study the context in which Keynesian economics emerged during the Great Depression.
Analyze the factors determining household consumption and firm investment. Learn from the Absolute Income Hypothesis to the Permanent Income Hypothesis and Tobin's q theory.
Learn the IS-LM model, which represents the simultaneous equilibrium of the product and money markets, and through it, master the principles of Aggregate Demand (AD) and Aggregate Supply (AS).