The course covers topics on the methodology of economic theory and policy, including the general equilibrium, the classical model and the Keynesian IS-LM Model, the recent development of macroeconomic theory. Basic growth and development theories will also be examined.

CILO-1: Acquire a clear knowledge of market-based economies and be able to the analysis of fluctuations in aggregate income and growth. CILO-2: Identify the government's current position on major economic issues and measures such as fiscal, monetary, exchange rate, interest rate, inflation, and financial policies. CILO-3: Develop a critical attitude toward newspapers and politicians, in addition to formulating their own convictions and supporting them with economic theory. CILO-4: Examine the interaction between political and economic conditions as well as how policymakers influence these factors. CILO-5: Identify the role and limitations of fiscal policy and monetary policy.