Principles of Economics
Full course description
The undergraduate course Principles of Economics introduces key economic principles and concepts. We will investigate classical economic questions such as: will trade benefit all involved?, when and why can markets fail?, how can governments boost a country’s production? Together we will critically examine the answers modern economics provides to these questions.
In addition you will learn how economists look at the world. More than any other social science, (mainstream) economics tries to capture human behavior through mathematical models. You will learn how to use simple mathematical models to describe people’s choices and interactions between people. The possibilities and limitations of these models will be debated.
If all goes well you will leave this course with new insights into the many economic and social policy debates which dominate the news on an almost daily basis and a measured appreciation for mathematical models of human behavior.
- Learn to think like an economist.
- Introduction to fundamental economic principles, concepts, and models.
- In four special discussion sessions, we will talk about topics such as income inequality, behavioral economics, the economics of climate change, etc.
Recommendations: Knowledge of basic mathematical concepts such as solving equations, reading and working with graphs, manipulating inequalities, and elementary calculus.
Online textbook “The Economy”: https://core-econ.org/the-economy/index.html