The course deals with basic economic principles that help us understand the process of decision making by individuals and societies. We will analyze the fundamental economic activities of production, distribution, exchange, and consumption both at the micro and macro level. Besides developing an understanding of the functioning of a free market system, we will also critically examine the controversies that surround the use of public policies for the greater common good.
课程安排:
Lecture 1 Topics
1) Microeconomic Analysis and Utility Functions (00:15)
2) Marginal Analysis (04:38)
3) Marginal Utilities and Prices at Optimum (09:35)
4) Aggregate Demand (15:39)
5) Price Elasticity of Demand (16:55)
Lecture 2 Topics
1) Differing Elasticities and Total Demand (00:15)
2) Supply of Goods (04:10)
3) Variable and Fixed Costs (05:06)
4) Average and Marginal Cost Schedules (07:19)
5) Economies and Diseconomies of Scale (15:27)
6) 3 Kinds of Markets: Competitive; Oligopolistic; and Monopolistic (16:05)
Lecture 3 Topics
1) Profit Maximizing Output for Firms (00:15)
2) Marginal Cost Changes with Quantity (04:40)
3) Equilibrium in a Competitive Market (05:14)
4) Efficiency of Competitive Markets (09:56)
5) Short Term Price Changes and Long Term Equilibrium (11:57)
6) Equilibrium in Monopolistic Markets (18:27)
Lecture 4 Topics
1) Oligopolistic Equilibrium and Price Fixing (00:15)
2) Inputs and Profit Maximization (01:37)
3) Income Elasticity (04:53)
4) Macroeconomic Analysis: Business Cycles (05:17)
5) Unemployment (06:46)
6) Inflation (10:11)
7) Fiscal Policy (12:37)
8) Keynesian Economics (13:11)
Lecture 5 Topics
1) Monetarism (00:15)
2) Rational Expectations (02:29)
3) Macroeconomic Policy (04:23)
4) Automatic Stabilizers (08:56)
5) Money Supply (10:02)
6) Banks (11:33)
7) Bank Runs and the FDIC (16:10)
8) Federal Reserve (17:40)
Lecture 6 Topics
1) Fed’s Policy Impact on Economy (00:15)
2) US Treasury (03:30)
3) Monetary Policy (03:55)
4) Quantity Theory of Money (07:05)
5) Money Supply and Inflation (09:04)
6) Leading Economic Indicators (10:18)
7) Activist, Nonactivist Views and Lags (12:41)
8) Adaptive and Rational Expectations (16:11)
9) Nonactivist View of Monetary Policy (18:32)
Lecture 7 Topics
1) Financial Institutions and Markets: Financial Intermediaries; and Stock Markets (00:15)
2) Interest Rates: Real and Nominal; Risk-free and Risk Premium (04:12)
3) International Trade: Absolute and Comparative Advantage (07:44)
4) Foreign Exchange: Bid and Ask Prices (14:11)
5) Direct and Indirect Rates (16:41)
6) Cost of Roundtrip (19:13)