Economics and Employment
This course explores the economic rationale of the everyday choices and decisions people, organizations, and governments make for allocating resources, and provides insight into how these affect every aspect of our lives. It seeks to explain what drives human behavior, decisions and reactions when faced with difficulties or successes. Students learn that economics is about the relationship between people who use economic tools, such as prices, to exchange goods and services, and when human relationship is the focus, morality becomes an important part of economics. The course examines how households, firms, and governments make certain decisions (microeconomics) and how these decisions affect the economy as a whole (macroeconomics). The interconnectedness of people and nations is central to this subject. Issues such as the credit crunch, global warming, sustainable development, poverty, and inequalities between countries are subjects to which economics can be applied to provide solutions to global problems. Students learn how to use economic tools to explore employment opportunities by finding the gap in the market and filling the gap by knowing and applying their economic and business skills and knowledge. This course helps the subject expand into providing tools for other disciplines and prepares students to use economic tools that are required for solving problems in their careers.