Principles of Economics [Enter Course] Overview: This course teaches the core principles of economics using a collection of experiments and workbooks. In the experiments, students become traders in a market and attempt to make profitable deals with one another. At the conclusion of the experiment, the data are used to form a customized, online workbook.
Foundations of Economics and the Problem of Scarcity Students are introduced to economics, including the rights and responsibilities of consumers. They learn the concepts of scarcity and shortage, trade-off and opportunity costs, decision-making scenarios, and production possibility graphs. Economic Systems Students learn basic economic goals and resources used to produce economic goods.
They analyze advantages and disadvantages of a free market economy. They learn how the market self-regulates and how a free market economy operates. They also review mixed economies worldwide. American Free Enterprise and U. Government Involvement Students learn the principles and benefits of the American free enterprise system and the U.
Topics include taxes, redistribution of income, mandatory and discretionary spending, the federal budget, national debt, roles of the Federal Reserve, and U.
Monetary Policy Unit 4: Understanding the Market through Supply and Demand Students examine the law of demand, the concepts of elasticity and inelasticity, demand schedules, and demand curves.
They examine the law of supply, supply schedules, and supply graphs. They analyze how supply and demand work together to reach equilibrium and how they impact prices. Business, Banking, and Finance Students learn about sole proprietorships, partnerships, and corporations.
They examine monopolies and oligopolies. They also learn the characteristics of money, including its use to buy goods and services.
They learn how the Federal Reserve handles the U.
They analyze the risks of investments, the American free enterprise system, and stocks and bonds. They analyze the phases of a business cycle, including the factors that influence it. They learn about the types of unemployment and how it is calculated. They also learn about inflation and how it is used as a measure of economic performance.Welcome to Stony Brook!
Juan Pantano joins the Department of Economics. Juan is an empirically oriented applied microeconomist with wide research interests in labor economics, health economics and family economics.
Economics Principles of Microeconomics has been evaluated and recommended for 3 semester hours and may be transferred to over 2, colleges and universities. You'll receive expert instruction, and the course can be completed at any time. Course Overview. Students are introduced to the basics of economic principles, and learn how to think like economists.
They explore different economic systems, including the American free enterprise system, analyze and interpret data, and consider economic applications in today's world. Course Summary Economics Principles of Microeconomics has been evaluated and recommended for 3 semester hours and may be transferred to over 2, colleges and universities.
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Learning Agreement (for ERASMUS-students only) If you have questions regarding your study program (e.g. ECTS credit points, course/exam registration, language of instruction, etc.), please contact your Departmental Coordinator at Goethe University directly..
Goethe University currently is not using the ERASMUS Dashboard and the Online Learning Agreement - platform connected to it.