The syllabus of Principles of Economics aims to introduce the students to the fundamentals of economic analysis, distinguishing between microeconomics and macroeconomics.
1. Introduction. The basic economic problem: scarcity. Microeconomics Vs Macroeconomics. Technology, population and growth.
2. Scarcity, work and choice.
3. Social interaction and inequality.
4. The firm: Owners, managers, and employees.
5. The firm and its customers.
6. Supply and demand: Price-taking and competitive markets.
7. Markets, efficiency, and public policy.
8. The Labour market: Wages, profits, and employment.
9. Banks, money, and the credit market.
10. Economic fluctuation and unemployment
11. Unemployment and fiscal Policy.
12. Inflation, unemployment, and monetary policy.
13. Technological progress, employment, and living standards in the long run.
14. Inequality or Economics of the environment