Economics
Course Credits: 15
Course Curriculum Used:
Teaching Company: Economics 3rd edition taught by Timothy Taylor, Macalester College, M. Econ., Stanford University, 36 video lectures.
Course Description
The first half of this course focuses on "microeconomics," or looking at economics "from the bottom up." You will study the behavior of individuals, households, and firms; and how they interact in markets for goods, labor, and saving and investment.
The second half of the course covers "macroeconomics," or studying the economy "from the top down." Here you will examine the factors that help economists evaluate the economy on a national and global scale.
Throughout this course, Professor Taylor helps you apply what you are learning to many of today's most frequently discussed and misunderstood issues. Has the world economy become truly borderless, and does globalization take jobs away from American workers? Why do markets for car and health insurance often seem so costly and controversial? What are our prospects for heading off the Social Security and healthcare crises that loom in the coming decades?
Lecture Titles
| 1. | How Economists Think |
| 2. | Division of Labor |
| 3. | Supply and Demand |
| 4. | Price Floors and Ceilings |
| 5. | Elasticity |
| 6. | The Labor Market and Wages |
| 7. | Financial Markets and Rates of Return |
| 8. | Personal Investing |
| 9. | From Perfect Competition to Monopoly |
| 10. | Antitrust and Competition Policy |
| 11. | Regulation and Deregulation |
| 12. | Negative Externalities and the Environment |
| 13. | Positive Externalities and Technology |
| 14. | Public Goods |
| 15. | Poverty and Welfare Programs |
| 16. | Inequality |
| 17. | Imperfect Information and Insurance |
| 18. | Corporate and Political Governance |
| 19. | Macroeconomics and GDP |
| 20. | Economic Growth |
| 21. | Unemployment |
| 22. | Inflation |
| 23. | The Balance of Trade |
| 24. | Aggregate Supply and Aggregate Demand |
| 25. | The Unemployment-Inflation Tradeoff |
| 26. | Fiscal Policy and Budget Deficits |
| 27. | Countercyclical Fiscal Policy |
| 28. | Budget Deficits and National Saving |
| 29. | Money and Banking |
| 30. | The Federal Reserve and Its Powers |
| 31. | The Conduct of Monetary Policy |
| 32. | The Gains of International Trade |
| 33. | The Debates over Protectionism |
| 34. | Exchange Rates |
| 35. | International Financial Crashes |
| 36. | A Global Economic Perspective |