Principles of Economics 2

Korea University

Course Description

  • Course Name

    Principles of Economics 2

  • Host University

    Korea University

  • Location

    Seoul, South Korea

  • Area of Study


  • Language Level

    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.

    Hours & Credits

  • Credits

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • Overview

    This is one of two introductory courses in economics. Principles of Microeconomics studies how individual households and firms make decisions and how they interact in individual markets. Principles of Macroeconomics (this course) studies the economy as a whole to explain how economic events affect many households, firms, and markets simultaneously. These two courses may be taken in any order; To every extent possible, I will make this course in Macroeconomic Principles self­?contained and not dependent on prior knowledge of the material covered in Microeconomic Principles.

    TEXTBOOK: Principle of Economics, by N. Gregory Mankiw, 6th ed.
    Assignments: All assignments must be submitted in hard copy in class. Failure to do so will result in a zero grade for the assignment.

    Policy on Academic Integrity: The University policy on academic integrity applies to this course. You are responsible for knowing and abiding by this policy. This policy will apply to every exam, quiz, homework and any other assignment given in this course. Please note that violations of any kind will result in a failing grade for the entire course.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations