syllabus

syllabus - Economics 10-02 Principles of Economics UNC-CH...

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Text Economics: Principles and Policy (Eighth Edition), 1999, William J. Baumol and Alan Blinder, Dryden Press. Course Objectives Economics is a social science that examines how individuals decide what goods to make, how much of each good to make, for whom goods are made, and how scarce resoubrces are allocated to produce each good. Economics assumes that individuals act rationally in their own self-interest. By the end of the course, you should understand how individuals, groups of individuals, and governments make economic decisions in response to events that occur in the world around them. A central goal is to develop the tools necessary to analyze and evaluate economic reports in the popular press for yourself and to use that knowledge as one part of your own decision-making process. Course Outline The course will follow the outline of the text. We will first study microeconomics (the theory of consumer choice, the theory of the firm, and the study of markets). Building on this foundation, we will then study macroeconomics (the study of aggregate economic
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syllabus - Economics 10-02 Principles of Economics UNC-CH...

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