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Academic Department

Economics
Course Name: Economics
Instructor: Bala Ramasamy, Xu Bin

The course covers both managerial economics and macroeconomics. Topics related to ethics and corporate social responsibility were discussed particularly during the managerial economics section. Cases on “The Organ Market” and the costs of Smoking and Alcohol were used to elaborate on the role of markets and the state to address these issues. A case on sustainable development was also used to discuss the concept of opportunity cost. In brief, cases involving ethics and social responsibility were used to explain economic concepts.

Course Name: Global Financial Crisis
Instructor: Afredo Pastor

Economic and financial crises are a recurrent feature of market economies; they all differ from one another, but they have some common traits; they seldom arrive without warning, but warnings are seldom heeded; in an inter related world, a crisis in one economy can affect other distant economies. For all these reason sit is useful to acquire a certain familiarity with the nature of crises, their origin, the way their effects are transmitted. The course will study the current crisis in more detail, describing its origin and development, the response of policy, its costs and its legacy: lower growth and higher debt in most economies.