This course is an introduction to economics, which studies how individuals and firms, government and society make decisions. On the micro side, this course will provide students with a necessary business environment and acquaints them with business skills and policies. On the macro side, we construct a theoretical model that describes how each of economic variables (like income, employment, the price level, interest rates and exchange rates) is determined in both the long- and short-run. After the model is completed, we investigate issues of business cycle theory, foreign trade and macroeconomic policy. 

In-class Exercises and Mid-term Exam 40%

Group works 20%

Final Exam 40%

Mathetics, English

1. N. Gregory Mankiw, Principle of economics, 6^th ed., by Tsinghua University Press, 2017.

2. Paul A. Samuelson, William D. Nordhaus, Economics, 16th ed., 1998 by The McGraw-Hill Companies, Inc.

3.Joseph E. Stiglitz, Carl E. Walsh, Economics, 3rd ed., Renmin University of China Press, 2005.

4. 高鸿业，西方经济学（上、下），第5版，中国人民大学出版社，2011。

5. 《西方经济学》编写组，西方经济学（上、下），高等教育出版社，2012。

6. 厉以宁，西方经济学（上、下），第4版，高等教育出版社，2015。

7. 亚当·斯密，国富论（亚当·斯密全集），格拉斯哥版，中国人民大学出版社，2017。