Many students come to City University with a strong interest in understanding economic news – events and developments in their own and the global economy. This course aims to capture and build on that interest, and to present the principles behind current economic issues in the news (such as rising inflation, disagreements about exchange rates, trade deficits, and changes in government policies). This develops a student’s economic intuition and understanding of history, society and the global economy.
Classes will make heavy use of current news topics and will present economic and political science principles intertwined with real world events, so that students can have a deeper understanding of these issues. To arouse student’s interest, we will focus on economic issues of Hong Kong (as this is where students live), and its economic and political interactions with the rest of the world. The class will also use issues that students are likely to be familiar with, from China, the United States, and the rest of the world. Classes will involve prior reading of a particular issue in the news, multimedia presentation and active class discussion to draw out the principles which that issue illustrates.
The course will help students develop their critical thinking and analytical skills, and to discover, from a global perspective, the various economic issues that impact people’s livelihoods.
This course aims to equip students with the knowledge of fundamental principles from economics, political science, and sociology, which will enable them to understand daily economic news and global economic issues. They will be able to apply those principles to analyze the real world issues, such as what factors determine China’s inflation rate, and how government policies affect national income, unemployment, exchange rates and the trade balance. In addition, this course aims to educate students about the recent economic history of Hong Kong and China, and to arouse the students’ interest in the macroeconomic and political events happening around them.
Students (especially those from the College of Business) will find the course useful as they will gain a better understanding of how the economy and society work. The course also encourages discovery learning, which takes place when students use their knowledge and skills to interpret the factors that affect economic growth; understand how investment activities occur; consider the pros and cons of minimum wages and social welfare; appreciate the power of money as the medium of exchange; analyse the determinants of interest rates and exchange rates; assess the Global Financial Crisis and the Great Recession; interpret the effects of Central Bank and government policies; and weigh the cost and consequences of budget deficits and trade deficits.
Students will develop their attitude and ability to discover the impact of economics-related current events that impact people’s livelihoods through class discussion and group case studies. The project presentation and examinations will reflect their accomplishments in discovery and innovation.