This course offers an introduction to Economics. It emphasizes the fundamental principles of economic analysis, which are applied to understand the working of market economies. By the end of the course, students should be familiar with the methodology of economics, they should be able to make structured arguments about major economic issues, and they should know both the efficiency properties of markets and the main market failures.
  • Lecture 1: Consumers; Producers
  • Lecture 2: Competitive Equilibrium
  • Lecture 3: International Trade; Taxation
  • Lecture 4: Externalities and Public Goods; Monopolies
  • Lecture 5: Game Theory; Social Choice
  • Lecture 6: Asymmetric Information; Labor Economics
  • Lecture 7: Financial Markets; Macroeconomic Aggregates
  • Lecture 8: Money; International Macroeconomics
Recommended textbook: Economics, by Daron Acemoglu, David Laibson, and John A. List; Pearson.
Another useful reference: Principles of Economics, 7th edition, by N. Gregory Mankiw; Cengage.