Introduction To Economics
"Economics is a very dangerous science" - John Maynard Keynes (20th Century British Economist)
Welcome to Introduction To Economics! This website was created with the hopes of helping students access, discover and learn the fundamentals of Economics with ease. Below, you will find all the general information about me, your instructor, and the course. I encourage you all to put forth your best work in this course and please do let me know if there is anything at all that you need assistance with.
Phone: 847-925-6812 (Office) 630-233-8707 (Home)
Office: J 274
This course will provide an Introduction to Economics. Economics is a study of choice and decision making. Our market economy is filled with plenty of choices and many economic decisions. In order to understand our economy well both in micro and macro, we will be discussing lots of models and its real world applications. Microeconomics is the study of human behavior. Primarily we will be studying how individuals, households, and firms make decisions about what to do, where to go, what to buy, what to sell, and what to pay. You will learn what a market is and how markets shape the world around us On the other hand macroeconomics explains economic behavior in the aggregate. The primary topics to be analyzed in the field of macroeconomics include: Macroeconomic Measurement, Models and Fiscal Policy Money, Banking and Monetary Policy and other related topics.
The objective of this course is to introduce and expose the student to the basic working of the economy. Student will learn the theory by doing a quiz on each chapter and understand the material better, in the past. Upon successful completion of the course, students should be able to:
- Demonstrate an awareness of the role of economics in today’s world.
- Appreciate the application economics in current developments in and around the world and national affairs.
- Apply economic reasoning to their lives
- 4 Non-Cumulative Exams that include multiple choice, true/false and analytical problems.
- Participation through insightful discussions and assignments
- Extra Credit
|Type||Points Each||Total Points||Percentage|
Percentage and Grades
A - 90% and above
B - 80% - 89%
C - 70% - 79%
D - 60% - 69%
E - 59% and below
Below is the agenda for this course. Each week requires reading and some class work. Click on the week button to access the materials assigned for that week.