Principles of Economics

The course objective is to provide students with an introduction to Economics and the Economic way of thinking. At the end of the course the student should have a basic understanding of how people make decisions, how people interact, and how the economy as a whole works. This course will provide a framework for viewing and interpreting the economic world.

The course is built around Gregory Mankiw's Principles of Economics but also draws knowledge and examples from other sources including the wikibook textbook Principles of Economics.

Lectures

• Lecture I: 10 Principles of Economics

Key Terms:

Practice Problems: /Practice Problems#Principles of Economics

Solutions: /Solutions#Principles of Economics

• Lecture II: Thinking Like an Economist

Key Terms:

Practice Problems: /Practice Problems#Thinking Like an Economist

Solutions: /Solutions#Thinking Like an Economist

• Lecture III: Opportunity Cost

Key Terms:

Practice Problems: /Practice Problems#Opportunity Cost

Solutions: /Solutions#Opportunity Cost

• Lecture IV: Supply and Demand

Key Terms:

Practice Problems: /Practice Problems#Supply and Demand

Solutions: /Solutions#Supply and Demand

• Lecture V: Elasticity, Consumers, Producers, and Market Efficiency

Key Terms:

Practice Problems: /Practice Problems#Elasticity, Consumers, Producers, and Market Efficiency

Solutions: /Solutions#Elasticity, Consumers, Producers, and Market Efficiency

• Lecture VI: The Labor Market and Unemployment

Key Terms:

Practice Problems: /Practice Problems#The Labor Market and Unemployment

Solutions: /Solutions#The Labor Market and Unemployment

• Lecture VII: Trade

Key Terms:

Practice Problems: /Practice Problems#Trade

Solutions: /Solutions#Trade

• Lecture VIII: Government Policies and Taxation

Key Terms:

Practice Problems: /Practice Problems#Government Policies and Taxation

Solutions: /Solutions#Government Policies and Taxation

• Lecture IX: Externalities, Public Goods and Common Resources

Key Terms:

Practice Problems: /Practice Problems#Externalities, Public Goods and Common Resources

Solutions: /Solutions#Externalities, Public Goods and Common Resources

• Lecture X: Markets

Key Terms: Perfect Competition, Monopoly, Monopolistic Competition, Oligopoly

Practice Problems: /Practice Problems#Markets

Solutions: /Solutions#Markets

• Lecture XI: Growth, National Income, and Price Indices

Key Terms:

Practice Problems: /Practice Problems#Growth, National Income, and Price Indices

Solutions: /Solutions#Growth, National Income, and Price Indices

• Lecture XII: Money, and Money Growth and Inflation

Key Terms:

Practice Problems: /Practice Problems#Money, and Money Growth and Inflation

Solutions: /Solutions#Money, and Money Growth and Inflation

• Lecture XIII: Saving, Investment, and the Financial System

Key Terms:

Practice Problems: /Practice Problems#Saving, Investment, and the Financial System

Solutions: /Solutions#Saving, Investment, and the Financial System

• Lecture XIV: Aggregate Demand and Aggregate Supply

Key Terms:

Practice Problems: /Practice Problems#Aggregate Demand and Aggregate Supply

Solutions: /Solutions#Aggregate Demand and Aggregate Supply

• Lecture XV: Monetary Policy and Fiscal Policy

Key Terms:

Practice Problems: /Practice Problems#Monetary Policy and Fiscal Policy

Solutions: /Solutions#Monetary Policy and Fiscal Policy

See also

• School:Economics

Educational level: this is a tertiary (university) resource.