Week 1 Slides[2] - ECO 212 Principles of Economics Week One...

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ECO 212 – Principles of Economics Week One Objectives: Explain how the principles of economics affect decision-making, interaction, and the workings of the economy as a whole. Compare and contrast market systems and the role of an economist within these systems. Describe how the necessity of a good and the availability of substitutions impact price elasticity. Determine how changes in price and quantity influence market equilibrium. Chapters 1, 2, 3, 6, and 9
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Week 1 ECO 212 2 Weekly Topics Week 1: Principles of Economics Week 2: Markets and Types of Goods Week 3: Measuring Economic Health & Fiscal Policy Week 4: The Federal Reserve Week 5: International Trade
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