Intro to Economics
SAT Score Range
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8 sessions
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BN
AR
DV
+18
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🔥 9 spots left!
This series is part of Schoolhouse Summer Camp! Explore Summer Camp
About
No prior knowledge required! This series is designed to teach you the basics of both micro and macroeconomics. We'll cover various introductory topics (such as supply and demand, opportunity cost, unemployment, etc.) and learn how they apply to our everyday lives.
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✋ ATTENDANCE POLICY
Please try to attend each session! But if you are unable to make it, please message me at least 12 hours in advance.
SESSION 1
10
Jun
SESSION 1
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Tue 11:00 PM - Wed, 12:00 AM UTCJun 10, 11:00 PM - Jun 11, 12:00 AM UTC
We'll be starting off simple: scarcity, resource allocation, economic systems, and if we get to it, the Production Possibilities Curve.
SESSION 2
16
Jun
SESSION 2
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Mon 10:30 PM - 11:30 PM UTCJun 16, 10:30 PM - 11:30 PM UTC
We'll continue talking about the production possibilities curve and efficiency, as well as cover new topics such as opportunity cost, comparative advantage, absolute advantage, and terms of trade.
SESSION 3
20
Jun
SESSION 3
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Fri 10:30 PM - 11:30 PM UTCJun 20, 10:30 PM - 11:30 PM UTC
We'll do a recap of opportunity cost, absolute/comparative advantage, and terms of trade, and then start diving into rational economic decision-making, as well as marginal analysis.
SESSION 4
23
Jun
SESSION 4
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Mon 10:30 PM - 11:20 PM UTCJun 23, 10:30 PM - 11:20 PM UTC
Quick recap of last week's topic of rational economic decision-making. Then, since we've built a strong foundation in past topics (like scarcity, opportunity cost, and the aforementioned decision-making), we'll dive into an essential concept in all of economics: supply and demand!! We'll cover the Law of Demand, Law of Supply, determinants of each, and market equilibrium. There will be real-world examples scattered throughout, and if we have time, we'll talk briefly about surpluses and shortages.
SESSION 5
30
Jun
SESSION 5
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Mon 10:30 PM - 11:30 PM UTCJun 30, 10:30 PM - 11:30 PM UTC
Recap of supply and demand, surpluses and shortages, and then we'll get more into market imbalances by talking about government intervention (price ceilings & floors) and real-world applications.
SESSION 6
5
Jul
SESSION 6
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Sat 10:30 PM - 11:30 PM UTCJul 5, 10:30 PM - 11:30 PM UTC
Now that we've covered a few of the important concepts from microeconomics, it's time to dive into macroeconomics! We'll be discussing what macroeconomics is and how it differs from microeconomics, as well as key concepts like the GDP, economic growth, and the business cycle.
SESSION 7
11
Jul
SESSION 7
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Fri 10:30 PM - 11:00 PM UTCJul 11, 10:30 PM - 11:00 PM UTC
Now that we understand how to measure the health of an economy (which we'll recap again), we’re going to explore what the government can do when things go wrong. We’ll talk about fiscal policy (spending and taxes), monetary policy (interest rates and the Fed), and how these tools are used to manage inflation, unemployment, and economic growth.
SESSION 8
13
Jul
SESSION 8
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Sun 10:30 PM - 11:30 PM UTCJul 13, 10:30 PM - 11:30 PM UTC
Review of last week (fiscal and monetary policy), and then we'll get into aggregate supply and demand (which is slightly different from normal supply and demand)!