Introduction to Economics,Fall 2011

UC Berkeley Course , Fall 2014 , Prof. Martha Olney

Lecture 1: Organization of Course; Overview; Intro to Econo

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Lecture Details :

Economics 1, 001 - Fall 2014
Introduction to Economics - Martha Olney
Creative Commons 3.0: Attribution-NonCommercial-NoDerivs

Course Description :

Organization of Course; Overview; Intro to Econo - Opportunity Cost; Economic Growth - Comparative Advantage; Gains from Trade; Economi -Model of Supply and Demand - Demand & Supply Extensions; Consumer Surplus - Elasticity; Profit-Maximization Decisions - Marginal Cost and Marginal Revenue - Supply Curve; Profit = 0 in the Long Run - Income and Wealth Distribution - Monopoly - Monopolistic Competition; Externalities - Externalities, continued; Asymmetric Information - Overview of Macroeconomics - Measurement of Total Output (GDP) - Unemployment and Inflation - Aggregate Expenditures; Equilibrium Output - Investment Spending - Multipliers - Policy Overview; Fiscal Policy - Open Economy Macroeconomics - Federal Reserve - Inflation, Phillips Curve - Monetary Policy - Policy, continued; Concluding

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