HND大二经济学introduction

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1、IntroductiontotheCourse(1)Coursetitle:Economics1:MicroandMacroTheoryandApplicationCoursepurpose:Itisdesignedtobuildonacandidate’sintroductiontoeconomicsandexposethemtomicroeconomicandmacroeconomicapplicationsoftheory.Itintroducecurrentissuesineconomicsandprovidesanopport

2、unityforcandidatestoanalyseandevaluatethem.IntroductiontotheCourse(2)OncompletionoftheUnitcandidatesshouldbeableto:1.Explaincostsandthemarketstructurewithinwhichafirmoperates.2.Evaluatetheimpactofunemploymentandinflation.3.Evaluategovernmentuseofrevenueandexpenditure.Ass

3、essmentAssessmentwillbebyusingtwoinstrumentsofassessment.ThefirstonecoveringOutcome1isanopen-bookessayofaround1,000words.Thisassessmentmaybebuiltaroundarelevantcaseselectedfromnewspaper,journalorinternet.ThesecondonewillcoverOutcome2and3.Thisassessmentwillbeoneclosed-boo

4、kexercise,ofnomorethan2hours.Candidatesmaybringwiththemsourcenotes.KnowledgeforOutcome1Costsofthefirm—shortrunandlongruncosts.Characteristicsofmarketstructures—perfectcompetition,monopolyandoligopoly.Priceandoutputbehaviourinperfectcompetition,monopolyandoligopoly.Therol

5、eofprofitmaximisation.Alternativestoprofitmaximisation.EvidenceRequirementsforOutcome1Acandidate’sshouldbeabletodemonstrateanunderstandingofcostineithertheshortorlongtermassessthecharacteristics,priceandoutputbehaviouroftwomarketstructuresexplaintworolesofprofitmaximisat

6、ionanalysetwoalternativestoprofitmaximisation.KnowledgeforOutcome2UnemploymentTypesofunemploymentSolutionstocombatunemploymentImpactofunemploymentindividualsandbusinessesInflationTypesofinflation—KeynesianandMonetaristviewsSolutionstocombatinflationImpactofinflationonind

7、ividualsandbusinessesRecenttrendsinunemploymentandinflationintheUK.EvidenceRequirementsforOutcome2Acandidate’sshouldbeabletooutlineonetypeofunemploymentorinflation.explainapolicydesignedtodealwithunemploymentorinflation.explaintwoeffectsofunemploymentorinflationonindivid

8、ualsandbusinesses.analyseUKtrendsinunemploymentorinflationoverthelast20years.KnowledgeforOutcome3Fiscal