# 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

edit**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

- 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

editEducational level: this is a tertiary (university) resource. |