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BEA 111 Introduction to Markets and the Economy

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The BEA 111 Introduction to Markets and the Economy course mainly introduces students about the critical concepts in economics, comprising the microeconomics and macroeconomics. This course module explains why and when markets work and fail. Many of the problems that countries face, such as pollution, unemployment, climate change, deflation, inflation, poverty, education, and healthcare, are market failures. This module spends a lot of time explaining how to formulate basic microeconomic and macroeconomic policies in market failures and how to assess their impact on the well-being of different members of society.

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