Principles of Economics

Description: The course is an integrated introduction to the analysis of consumers, firms and markets (Microeconomics), as well as aggregate economic variables (Macroeconomics). Topics in Microeconomics include consumer behavior (demand side), firm behavior (supply side), markets (combining both demand and supply sides) and how government policies affect them. Macroeconomics discusses two main variables: national income and general price level, both in the short-run and in the long-run. After taking this course, (I hope) you will be able to understand economic news, analyze social issues and problems from an economics perspective and apply the basic principles of Economics in your daily lives to make wiser decisions.

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