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.
I am taking this course to supplement my other course in microeconomics because I found the approximations and lack of math to be actually rather frustrating and confusing. This class helped make economics more interesting by giving me a solid understanding...
I am taking this course to supplement my other course in microeconomics because I found the approximations and lack of math to be actually rather frustrating and confusing. This class helped make economics more interesting by giving me a solid understanding for the underlying math, and I feel much more confident in making predictions of how given policies will affect the market. Seconding another reviewer, this class was one of the tougher online ones I've taken, but it is fairly short (9 weeks), and it has been manageable so far with my previous introduction to microeconomics and my very basic knowledge of taking derivatives and finding integrals. For a beginner like myself, the lectures have often felt rushed, and I definitely have to follow along in the lecture notes and stop to make frequent annotations and work out mathematical expressions that are sped through, but the experience has been rewarding.
School is Broken
School is Broken completed this course and found the course difficulty to be hard.
Antonio Rangel definitely teaches one of the most math-heavy introductory economics classes I’ve ever experienced. The lecture material covers the typical first-year microeconomics topics, but Rangel does not shy away from diving into the nitty-gritty calculations and reasoning.
For me personally, this was one of the more difficult MOOCs I’ve taken to date. Again, this might just be because I have not used calculus in roughly 10 years. I would recommend this class to any math or science major who wants to learn microeconomics. By the end, you will probably have a better understanding of microeconomics than the economics majors around you.
Lagom Amine is taking this course right now, spending 6 hours a week on it and found the course difficulty to be medium.
Beautiful introduction to economics, the math involved can be at times challenging if your math is rusty..if that's the case then brush up on calculus on khan or some other place. the professor knows his stuff and explains well. Some people were complaining on the forum that there is too much math etc but that's just economics. People don't realize how math heavy economics can be...The professor clearly states at the beginning that his approach is quantitative and involves a lot of math. This might be the best economics mooc out there...