Principles of Economics, 9th Edition: Course Design Course Overview
The Principles of Economics course is designed to introduce students to the fundamental concepts of economics. Students will learn about microeconomics, which studies the behavior of individual economic actors such as consumers and firms, and macroeconomics, which focuses on the aggregate behavior of the entire economy. The course is based on the 9th edition of Principles of Economics, written by N. Gregory Mankiw.
The course is divided into 14 modules, with each module covering a different topic. The first part of the course covers microeconomics, while the second part focuses on macroeconomics. The modules are designed to build upon each other, so that students can develop a clear understanding of the concepts and theories that underpin economic behavior.
Learning Objectives
At the end of this course, students will be able to:
1.Expln the basic concepts of economics and how they relate to
real-world situations
2.Analyze the behavior of individual economic actors such as
consumers, firms, and markets
3.Understand the factors that influence the level of economic
activity and growth in the economy
4.Evaluate fiscal and monetary policy and their effects on the
economy
Course Content
Module 1: Ten Principles of Economics
This module introduces students to the ten basic principles of economics, such as how people make decisions and how markets work.
Module 2: Thinking Like an Economist
This module teaches students how to think like an economist, including how to make assumptions, use graphs, and analyze data.
Module 3: Interdependence and the Gns from Trade
This module explores the concepts of interdependence and trade, and how countries can benefit from specialization and trade.
Module 4: The Market Forces of Supply and Demand
This module explns the basic principles of supply and demand and how they interact in markets.
Module 5: Elasticity and Its Application
This module delves deeper into the concept of elasticity and how it affects the behavior of buyers and sellers in markets.
Module 6: Supply, Demand, and Government Policies
This module looks at how governments can influence markets through policies such as price controls and taxes.
Module 7: Consumers, Producers, and the Efficiency of Markets
This module examines the concept of market efficiency and how it can be measured.
Module 8: Application: The Costs of Taxation
This module applies the concepts of supply and demand to taxation, analyzing the effects of taxes on the behavior of buyers and sellers.
Module 9: International Trade
This module explores the benefits and costs of international trade and analyzes the factors that influence trade patterns between countries.
Module 10: Externalities
This module introduces the concept of externalities and how they can affect market outcomes.
Module 11: Public Goods and Common Resources
This module examines public goods and common resources, analyzing
the role of government in addressing the problems associated with their provision.
Module 12: The Design of the Tax System
This module discusses the principles of tax design and how they can be applied to create an efficient and fr tax system.
Module 13: The Costs of Production
This module explores the factors that determine the costs of production and how firms make decisions about production.
Module 14: Firms in Competitive Markets
This module looks at the behavior of firms in competitive markets
and analyzes the factors that influence their decisions about pricing
and output.
Course Requirements
Students are expected to attend all lectures and complete all assignments on time. Assignments will include readings from the textbook, problem sets, and written assignments. Grades will be based on class participation, assignments, and exams.
Conclusion
The Principles of Economics course provides students with a comprehensive understanding of the fundamental concepts and theories
that underpin economic behavior. Students will learn about micro and macroeconomics, market forces, taxation, international trade, and more. Through this course, students will be able to apply economic principles to real-world situations and make informed decisions about economic issues.。