Economics and Society

Catalog description

An aim of economics is to study the interaction of individuals' decisions and how marketssolve the problems of resource allocation. This course uses economics to study certainpressing problems that society faces today.Topics include pollution, global warming, economic growth, inflation, unemployment,poverty, economic fluctuations and the role of government in stabilizing the economy. Inthe process of studying these problems, students get some exposure to economics andat the same time, come to understand society more deeply.On completion of this course, students should be able to understand basic concepts usedin economics, know how the market works, apply economics to study environmentalproblems, understand the economic nature of social problems.CUHK course code: ECON1210AEnrollment limited.