The course introduces a sound understanding of key economic concepts relevant to household and firm level decision making, as well as government policy making. It covers the basic principles of microeconomic and macroeconomic analysis; objectives and constraints that direct the decision making of economic agents (consumers and producers); the relationship between the outcome of their interaction and the nature of the markets (competitive, imperfect competition or monopoly) as well as macroeconomic issues such as growth, productivity, labor markets, wages, business cycles, inflation, money, interest rates, monetary and fiscal policy, banking and financial crises, global imbalances in the allocation of capital and sovereign debt crises.
(Bradford- Kozminski BA Program, 2008-2014)