Introduction to Microeconomics
Seoul, South Korea
Area of Study
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4
Hours & Credits
Course Objectives and Structure:
On this course you will learn the economic principles, frist participating in experiments and then studying the related economic theory and its applications. You and your calssmates will be the partcipatns in the markets as well as teh scientific observers who try to understand the outcomes. By participating in the experiments you will be able to observe the economic principles in action. After each experiment we will examine the data and discuss the results. Then we will study the economic theories designed to explain the results discovered in the experiments and its applications. This process will make theories come to life and, once they look real, will enable you to appreciate the ability of economic theory to explain the economic world in which we live.
The course is desinged around two types of classes: experiments and theory. Each topic starts with an experiment. You will need to read the instructions and do a couple of warm-up exercises before the experiment. This will ensure the smooth running of the experiment and will also enhance your performance. At the beginning of the experiment we will briefly refresh the rules and you will be assigned a particular role. You are expected to participate in the in-class discussion following the experiment. The data collected from the experiment will be used to work on the regular assignments. Finally, the theory class will generalize the findings discovered during the experiment and will discuss the assignments and applications.
Courses and course hours of instruction are subject to change.