In this course, we will explore basic microeconomic concepts such as demand and supply, market structures and pricing, market efficiency, and equilibrium. Macroeconomic concepts such as inflation, unemployment, trade, economic growth, and development. Different perspectives on issues of monetary and fiscal policy. Emphasis on public policy issues and the logic behind the economic way of thinking.

Bonus: Responding to the data-driven paradigm shift in academia and digital transformation in the industry, our course proposes Artificial Intelligence and Business Strategy initiatives. We will practice a data-driven methodology and work collaboratively in teams to answer fundamental economic questions: master the basics of implementing Micro experiment design in Qualtrics and Macro data visualization. (No prerequisite in coding needed.)

Following the DKU 7 animating principles of lucid communication, collaborative problem-solving, rooted globalism, purposeful life, and wise leadership, in this course, you would prosper together as DKUers, accomplish productive takeaways for your personal profiles, and exercise leadership as a global citizen.

What background knowledge do I need to take this course?

This is an introductory course to the way of thinking in Economics:

• Bring your curiosity for the unknown and passion for learning.
• Be pro-active in participating in course activities.
• Be open to new technologies and ideas.
• Be empathetic for others and collaborate in solving conflicts.
• Be ready to turn challenges into opportunities and accomplishments.