You are always welcome to my office hours if you have questions about the course or if you want to talk to me! In case you can not visit my office in person, just write me email to vanessa.nguyen@lawrence.edu and we can schedule an online meeting via Zoom.
This course introduces a broad range of economic concepts, theories and analytical techniques. It considers both microeconomics - the analysis of choices made by individual decision-making units (households and firms) - and macroeconomics - the analysis of the economy as a whole. The use of a market model, supply and demand, will be the fundamental model in which trade-offs and choices will be considered through comparison of costs and benefits of actions. Fundamental macroeconomic indicators, GDP, CPI, and unemployment will be covered thoroughly. The macroeconomic interaction of goods and services markets, labor market and financial market at an aggregate level will be introduced. The role of government policy to address micro-economic market failures and macroeconomic objectives will be examined.
Required textbook: Principles of Economics, 10th edition, by Gregory N. Mankiw, ISBN 9780357722718 (paperback), 978-0-357-722848 (e-book). You can also use the 9th edition of this textbook.
