ABOUT THE COURSE:In this course, I discuss the important concepts and principles of economics to understand how the economic agents take economic decisions and the economy as a whole works. I discuss the concepts like demand, supply and elasticity to understand how consumers take decision to buy, how the producers take decision to supply and gains from trade arises. Implications of government policies are also using simple tools of demand and supply. Theories of production and cost is discussed to understand firms behavior in different market condition. At the macro level, I discuss how the nations income is measured, financial system and the monetary system. A successful completion of this course will help students taking better economic decisions in their lives and understanding the implications several public policies from economists perspective.INTENDED AUDIENCE: Anyone interested to learn basics of EconomicsINDUSTRY SUPPORT: Banking, Manufacturing, Analytics etc.
Principles Of Economics
Indian Institute of Technology Madras and NPTEL via Swayam
This course may be unavailable.
Overview
Syllabus
Week 1 & Week 2: Ten principles of EconomicsWeek 3: Thinking like an Economist; Interdependence and the gains from Trade.Week 4: Market forces of supply and ElasticityWeek 5: Application of elasticity; supply, demand and government policiesWeek 6: Consumer and producer surplus; cost of taxation and international tradeWeek 7: Externalities and cost of productionWeek 8: Competitive market and monopoly marketWeek 9: Game theory and oligopoly, Measures national income, measuring cost of livingWeek 10: Production and growth; Saving, Investment and the financial systemWeek 11: The monetary systemWeek 12: Money growth and inflation
Taught by
Prof. Sabuj Kumar Mandal
