Microeconomic Principles at a Glance

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Del curso dictado por University of Illinois at Urbana-Champaign

Microeconomics Principles

613 calificaciones

University of Illinois at Urbana-Champaign

Microeconomics Principles

613 calificaciones

This course offers an introduction to the functions of individual decision-makers—both consumers and producers—within the larger economic system. Emphasis is on the nature and functions of product markets, the theory of the firm under varying conditions of competition and monopoly, and the role of government in promoting efficiency in the economy. Most people make the incorrect assumption that economics is ONLY the study of money. My primary goal in this course is to shatter this belief. During this course, we will be addressing the above questions as well as many more relating to: -the environment -love and marriage -crime -labor markets -education -politics -sports -business My main goal is to show you the way economists think and how to use this analytical system to answer questions related not only to these and other important human issues, but to anything you end up doing with your life after this class. After all, as you will quickly find out, I believe that everything is economics!

De la lección

Course Orientation

You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course.

Microeconomic Principles at a Glance2:33

Conoce a los instructores

Dr. José J. Vázquez-Cognet
Clinical Professor
Department of Economics

Hello. This is Jose Vazquez, and we are here

talking to you from the University of Illinois in Urbana-Champaign.

In fact, we're at the student union at the University of Illinois in

Urbana-Champaign, which is the perfect place to introduce this class in

economics. Because, as we're going to tell you in

the course, economics is everywhere. So, it's clearly here in the Union where

students actually are buying their food. we can ask questions as to why they are

making these lines? Are these lines too long? Should they open another cash

register? Why are they selling the coffee which I have here in a Plastic cup

instead of a ceramic cup, which probably creates less waste.

why students actually spend time studying here, instead of studying at their dorms?

So, what we're going to talk about in this class is all of all those things.

Economics is everywhere. It's the study of lines, it's the study

of love, it's the study of coffee, it's the study of everything.

And my goal for you in taking this class is by understanding economics, you should

be able to make better decisions as a citizen.

Should you vote or not? Should you buy the car you are thinking of buying?

Should you study another hour for an exam? If you went on a date with someone,

should you go on a second date? As a business owner, should you open another

cash register if you have a business here in the union? Should you higher an older

employee instead of, or choose to buy higher, buy another machine.

All of those questions are questions that deal with economics and we'll deal with

those in this course. So the other thing you're probably

wondering is that, how do you pass the class and how much you have to do to pass

the class. Well in this class that's a complicated

question because you can really customize your work in this class whichever way you

want. We have basically 3 things you can do in

this class discussions and work on discussions with other people.

a final project and then watch video lectures and do quizzes related to the

video lectures. You can choose to do the three of them,

or you can choose to do one of them or two of them.

It is really designed so you can choose your own path.

Now if you chose to do the 3 things, you probably going to spend between let's say

5 to 10 hours at the most a week on working on this.

But at the end, I think you, you you be satisfied with not only learning more

about the economics of everywhere the study of everything but also about the

particular skill of critical think of critical thinking that you can probably

apply to your daily life. So, I hope to see you in the, the class

and next time I see you will probably be the first lecture.

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