21. Economics 1: Principles of Economics

S c r o l l D o w n

Stanford - Economics 1 - Principles of Economics - 2014 - September

The Basic Core of Economics

  • Choice, Scarcity, Opportunity Cost & Production Possibilities
  • Observing and Explaining the Economy
  • The Supply and Demand Model
  • Using┬áThe Supply and Demand Model

The Competitive Equilibrium Model

  • Deriving Demand
  • Deriving Supply
  • Market Equilibrium and Efficiency

Firms and Industries Changing Over Time

  • Cost and the Changes at Firms Over Time
  • The Rise and Fall of Firms at Industries

Deviations from Competition

  • Monopoly and Market Power
  • Between Monopoly and Competition
  • Antitrust Policy and Regulation

Labor Markets

  • The Labor Supply and Demand Model
  • Labor Model: Minimum Wage and Discrimination

Key Economic Policy Issues

  • Tax Policy, Transfers, and Income Distribution
  • Public Goods and Externalities
  • Government Failure and Success

Financial and Capital Markets

  • Markets for Physical Capital
  • Financial Markets: Risk and Return

Macroeconomics: The Big Picture

  • Getting Started with Macroeconomic Ideas
  • Measuring Production, Income and Spending of Nations

Long Run Macroeconomics

  • Determining Consumption, Investment and Government Shares
  • Employment and Unemployment
  • Productivity, Economic Growth and Determining Factors
  • A Look at Money, Inflation and the Fed

Short Run Macro

  • The Economic Fluctuations Model
  • Using the AIDA Model

Macro Policy Issues

  • Fiscal Policy
  • Monetary Policy
  • Monetary Policy Analysis

International Trade

  • Gains From International Trade
  • Key Policy Issues


Principles of Economics, Stanford University