Introduction into Economics

Principles of Economics *Document Type:* Course Syllabus and Study Guide *Content:* I. Introduction to Economics - Definition and scope of economics - Basic economic concepts (scarcity, opportunity cost, supply and demand) - Branches of economics (microeconomics, macroeconomics, international economics) II. Microeconomics - Consumer behavior and demand theory - Production and cost theory - Market structures (perfect competition, monopoly, oligopoly) - Externalities and public goods III. Macroeconomics - Measuring national income (GDP, GNP, NNP) - Inflation and deflation - Unemployment and labor market - Fiscal policy (government spending and taxation) - Monetary policy (central banking and interest rates) IV. International Economics - International trade (exports, imports, tariffs) - Exchange rates and currency markets - Globalization and economic integration - Balance of payments and trade deficits V. Econometrics - Introduction to econometrics - Regression analysis - Time series analysis - Hypothesis testing VI. Special Topics - Behavioral economics - Environmental economics - Health economics - Public finance - Industrial organization *Learning Objectives:* - Understand basic economic concepts and principles - Analyze consumer and producer behavior - Explain market structures and externalities - Discuss macroeconomic issues (inflation, unemployment, fiscal policy) - Apply econometric techniques to economic data - Explore specialized topics in economics