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Introduction to Economics

Class at Faculty of Humanities |
YBAJ011

Syllabus

1. Key questions and principles of economics

2. Markets and prices: how does it work?

3. What do people want? Theory of demand

4. Firms and production

5. Economic welfare

6. Taxes and price interventions

7. Markets with limited competition

8. Labor market: how does the economy influence what job can you get?

9. When markets fail: externalities

10. Money: how does it work?

11. Inflation, unemployment, business cycle

12. Economic growth

13. Exam

Annotation

The course delves into the core concepts of economics with a focus tailored for the humanities student. It offers a nuanced understanding of how economic theory can be useful for understanding cultural, historical, and societal contexts.

Through a blend of lectures and discussions, we'll address questions such as: Where do prices come from and how do they influence people's behavior? How does a market economy work? How is economic growth relevant for understanding the social world around us? This course invites you to explore these questions, providing a foundation in economic principles while maintaining a critical, interdisciplinary perspective. Prior experience in economics is not required – just an open mind and an eagerness to engage with complex, cross-disciplinary issues.