The highest and best form of efficiency is the spontaneous cooperation of a free people.
— Woodrow Wilson, the 28th president of the United States
Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist.
— John Maynard Keynes, English economist
Unit Goals
After learning the unit, students are expected to be able
to better understand the meaning of economics as social science
to learn the philosophy and paradigm of modern economics
to learn the consensus and arguments among different schools of economics to learn how to think rationally like an economist
to learn how economists elaborate their ideas
to improve their language, communication and critical thinking skills