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ECON 1100 Introduction to Micro and Macroeconomics
Spanish Language, Liberal Arts & Environmental Sciences Program
San Jose, Costa Rica
Dates: 1/4/25 - 5/3/25
ECON 1100 Introduction to Micro and Macroeconomics
OVERVIEW
CEA CAPA Partner Institution: Veritas University
Location: San José, Costa Rica
Primary Subject Area: Economics
Instruction in: English
Course Code: ECON 1100
Transcript Source: Partner Institution
Recommended Semester Credits: 3
Contact Hours: 48
DESCRIPTION
The "Introduction to Micro and Macroeconomics" course is designed to provide a foundational understanding of economic principles at both micro and macro levels. This course aims to equip learners with the fundamental concepts and tools necessary to comprehend and analyze individual economic behavior as well as broader economic systems.
The course will commence with an exploration of microeconomics, focusing on the behavior of individuals and firms within markets. Topics will include supply and demand, consumer choice theory, production and costs, market structures (perfect competition, monopoly, oligopoly, and monopolistic competition), and factors influencing market efficiency.
Transitioning to macroeconomics, the course will delve into the study of national and global economies. Students will investigate key macroeconomic indicators such as GDP, inflation, unemployment, and interest rates. Additionally, they will explore fiscal policy, monetary policy, international trade, economic growth, and the role of government in influencing economic outcomes.
Throughout the course, real-world examples, case studies, and contemporary economic issues will be integrated to illustrate the application of economic theories and their relevance in today's global context. Students will engage in discussions, problem-solving exercises, and analytical tasks to enhance their understanding of economic concepts and their practical implications.
By the end of the course, students will have developed a solid foundation in both micro and macroeconomics, enabling them to critically analyze economic phenomena, make informed decisions, and comprehend the interplay between individual choices and broader economic policies. This course serves as an essential stepping stone for further exploration in the field of economics.
The course will commence with an exploration of microeconomics, focusing on the behavior of individuals and firms within markets. Topics will include supply and demand, consumer choice theory, production and costs, market structures (perfect competition, monopoly, oligopoly, and monopolistic competition), and factors influencing market efficiency.
Transitioning to macroeconomics, the course will delve into the study of national and global economies. Students will investigate key macroeconomic indicators such as GDP, inflation, unemployment, and interest rates. Additionally, they will explore fiscal policy, monetary policy, international trade, economic growth, and the role of government in influencing economic outcomes.
Throughout the course, real-world examples, case studies, and contemporary economic issues will be integrated to illustrate the application of economic theories and their relevance in today's global context. Students will engage in discussions, problem-solving exercises, and analytical tasks to enhance their understanding of economic concepts and their practical implications.
By the end of the course, students will have developed a solid foundation in both micro and macroeconomics, enabling them to critically analyze economic phenomena, make informed decisions, and comprehend the interplay between individual choices and broader economic policies. This course serves as an essential stepping stone for further exploration in the field of economics.