This guide has been compiled to support students taking the Economics and Society (COR2100) course.
This guide is maintained by Melody Chin.
In this course, we introduce students to the economic way of thinking about societal issues. We use the themes of incentives and empiricism to illustrate the power of simple economic ideas, and their ability to explain, predict, and improve what happens in the world. The course will examine how market activities are shaped by both the private and public sector. It will allow students to appreciate how free markets and government policies affect society, creating winners and losers, and to understand the societal trade-offs implicated in an economy. The course will also examine debates on the importance of social institutions in contributing to economic growth, and on economic policies surrounding the world financial crisis.