Comprehensive study guide and lecture series on Economics.
Complete summary of Keynes' effective demand theory, aggregate demand-aggregate supply (AD-AS) model, money market and interest rate determination, monetary policy spillover path, and bank's credit...
Intensive analysis of genealogy from classical school to new Keynesian school, Phillips curve, crowding-out effect debate, types of unemployment, and ripple effects of inflation
Solow model, endogenous growth, basic import/export trade strategy, advantages and disadvantages of fixed/floating exchange rates, and structure of the global financial crisis.
Understand the core principles of economic thinking, including the principle of scarcity, opportunity cost, and the Production Possibilities Frontier (PPF).
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.