# Principles of Economics

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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 | edit source]

**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[edit | edit source]

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