ECON 100-07, Introduction to Economics, Fall 2012

Abstract

In this course we will study the fundamentals of Economics. The first part of this course will be dedicated to Microeconomics and we will cover the fundamental theories of the consumer, the firm, markets and welfare. The second part of the course will be devoted to Macroeconomics where we will cover fundamental topics such as national income, production and growth and the monetary system. The theoretical concepts learned during the course will be applied to real life problems such that the student can see the “theory in practice” by solving quantitative/qualitative problems. By the conclusion of this course, the student should be able to recognize the separate and complementary roles of markets and governments in allocating goods and services and perform independent analyses of public policies related to contemporary issues.