Economics II (Micro & Macro)

The general objective of this course is to acquaint students with the basics of microeconomics and Macroeconomics. It will enable students to analyze different constituents of microeconomics such as elasticity, consumer behavior, theories of production, cost and revenue, product pricing, and factor pricing. They will also obtain elementary insight on macroeconomics including money, banking, government finance, and international trade with special references to Nepal. 

1. Developing an understanding of basic economic concepts and principles, such as supply and demand, market structures, and macroeconomic concepts like inflation and unemployment.

2. Analyzing and evaluating economic issues and making informed decisions about economic matters.

3. Understanding the role of government in the economy, including the impact of fiscal and monetary policy on economic growth and stability.

4. Appreciating the global economy and international trade and their impact on domestic economies.

5. Developing critical thinking and problem-solving skills through the application of economic concepts and principles to real-world situations.

6. Developing an understanding of the ethical and social implications of economic decisions.

7. Preparing students for further study in economics or related fields, and providing them with the skills and knowledge necessary to be informed citizens and active participants in the economy.