Economics 1: Introduction to Economics (Fall 2014, UC Berkeley). Taught by Professor Martha Olney, this course is a survey of economics designed to give an overview of the field.

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September 26, 2023

English

English [CC]

Description

Economics 1 is an introductory course in economic principles. The course covers both microeconomics and macroeconomics. Topics include: economic modeling; allocation of resources; firm decision-making; imperfect competition; economic analysis of unemployment, inflation, and economic growth; the role of government in the domestic economy; international trade and finance; and U.S. economic policies of the last quarter century. Primary emphasis is placed upon acquiring skills with which to analyze current economic issues.

Course Curriculum

  • Lecture 01 – Organization of Course; Overview; Intro to Economic Models Unlimited
  • Lecture 02 – Opportunity Cost; Economic Growth Unlimited
  • Lecture 03 – Comparative Advantage; Gains from Trade; Economic Systems Unlimited
  • Lecture 04 – Model of Supply and Demand Unlimited
  • Lecture 05 – Demand and Supply Examples; Consumer Surplus Unlimited
  • Lecture 06 – Elasticity; Profit-Maximization Decisions Unlimited
  • Lecture 07 – Marginal Cost and Marginal Revenue Unlimited
  • Lecture 08 – Supply Curve; Why Profit = 0 in the Long Run Unlimited
  • Lecture 09 – Income and Wealth Distribution Unlimited
  • Lecture 10 – Monopoly Unlimited
  • Lecture 11 – Monopolistic Competition; Externalities Unlimited
  • Lecture 12 – Externalities, continued; Asymmetric Information Unlimited
  • Lecture 13 – Overview of Macroeconomics Unlimited
  • Lecture 14 – Measurement of Total Output (GDP) Unlimited
  • Lecture 15 – Unemployment and Inflation Unlimited
  • Lecture 16 – Aggregate Expenditures; Equilibrium Output Unlimited
  • Lecture 17 – Investment Spending Unlimited
  • Lecture 18 – Multipliers Unlimited
  • Lecture 19 – Policy Overview; Fiscal Policy Unlimited
  • Lecture 20 – Open Economy Macroeconomics Unlimited
  • Lecture 21 – Federal Reserve Unlimited
  • Lecture 22 – Inflation, Phillips Curve Unlimited
  • Lecture 23 – Monetary Policy Unlimited
  • Lecture 24 – Policy, continued; Concluding Remarks Unlimited
  • Lecture 25 – Review Unlimited
  • Lecture 26 – Review Unlimited

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