ESP Biography

Economics and the World Economy is an introduction to basic economic concepts and applications. It is a course that will help you build fundamental analytical tools to study and understand the extensive and complex field of Economics. Questions such as: why is a market economy more efficient than a centrally planned economy? Why do students and elder people pay less for movie tickets? How can price controls affect farm production? Is trade beneficial for developing countries? How can economic incentives affect pollution levels? What factors contribute to economic growth and development? will be studied throughout the course. Overall, the course will combine theory with direct applications of concepts to real world economic issues.