This course, based on lectures and class discussions, will enable students to identify the key concepts in economics and the main measures of economic activity. Students will learn how the market system functions and will explore the role of government policies which attempt to stabilize the economy. The course will examine the role of money and financial institutions in the domestic economy and on the international stage.
Economic models/topics presented:
1. Economic way of thinking and 10 commands
2. Production possibility curves
3. Demand, supply and market equilibrium
4. Economic Indicators: Unemployment and Inflation
5. Determining National Income and GDP
6. Keynesian Model of Aggregate Expenditure
7. Public goods, Fiscal Policy and economic stabilization
8. Money, money creation and financial institutions
9. Monetary Policy and economic stabilization
Economic models/topics presented:
1. Economic way of thinking and 10 commands
2. Production possibility curves
3. Demand, supply and market equilibrium
4. Economic Indicators: Unemployment and Inflation
5. Determining National Income and GDP
6. Keynesian Model of Aggregate Expenditure
7. Public goods, Fiscal Policy and economic stabilization
8. Money, money creation and financial institutions
9. Monetary Policy and economic stabilization
- Editing Teacher: Niloufar Entekhabi