Students will learn basic concepts of Economics through theory and practical examples and explore about their applications to the market.
RC521 미시경제학 (Microeconomics)
This course analyzes the demand of the rational consumers and the supply of the rational producers under the market economy to understand the characteristics of the demand function and the supply function, analyzes the behavior of the economic agents in the perfect competition and monopoly goods and service market and examines social welfare aspects of different types of markets. In addition, we will examine the government intervention due to market failure and the dynamic aspects of the market.
RC522 거시경제학 (Macroeconomics)
This lecture first explores the goods market, the credit market, the money market, and the factor market individually, and then analyzes the equilibrium of the economy and the effects of economic disturbances by integrating them into one macroeconomic model. This basic macro model is extended to the growth model and the open economy model. This lecture also deals with the problem of unemployment, inflation and the direction of macroeconomic policy.
General Elective Courses
RC670 경제사 (HISTORY OF ECONOMY)
Students will learn the basic concepts of Economics through theory and practical examples and apply them to market.
RC807 경제수학 (MATHEMATICS FOR ECONOMICS)
This course deals with the fundamentals of mathematics necessary for the theory of economics and statistics, and examines how this concept is applied in real economic theory. Topics such as linear algebra, calculus, and optimization theory are covered. This course deals with mathematical foundations for understanding the optimization theory and explains Kuhn-Tucker condition, maximization theory, and optimization theory. This course also explains how the optimization theory is applied in Economics.
RC657 계량경제학 (ECONOMETRICS)
This course deals with an empirical analysis of theoretical economics using modern statistics and mathematics for economics. This course deals withTo this end, students learn the econometric models such as regression analysis, setting the econometric model, coefficient of correlation, multicollinearity, identification, and autocorrelation.
RC566 행동경제학 (BEHAVIORAL ECONOMICS)
This course aims to understand and acquire the basic concepts of behavioral economics that emerged as an alternative to neoclassical Economics. First, we summarize the basic logic of original Economics and then explain behavioral Economics by comparing it to original Economics. In particular, basic concepts of behavioral Economics such as reference dependency, loss aversion, context specificity, and importance of early alternative are introduced through many examples of real economic society. Finally, based on this understanding, we examine the usefulness of the behavioral economics and its implications for policy economics.
