This course provides a quantitative and model-based introduction to basic economic principles, and teaches how to apply them to make sense of a wide range of real world problems. Examples of applications include predicting the impact of technological changes in market prices, calculating the optimal gasoline tax, and measuring the value of new products. This is a real Caltech class. It will be taught concurrently to Caltech and on-line students. This has two implications. On the costs side: the class is challenging, makes extensive use of calculus, and will demand significant effort. On the benefit side: successful completion of the class will provide you with an in-depth understanding of basic economics, and will permanently change the way you see the world.
Maboroshi completed this course, spending 5 hours a week on it and found the course difficulty to be hard.
I just cannot believe I get there--complete the whole course! Economics based on calculus is very abstract and not easy to understand. Professor Rangel tries his best to make the course content explicit to everyone. Definitely if you major in economics, you should take the course!