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Economics 101 💰🌱📈

SAT Score Range

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18 sessions

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About

This series is part of Schoolhouse Summer Camp! Explore Summer Camp

About

Hello ! This is Kush K, your Senior Tutor for the Enrichment subworld, the Economics 101 will cover topics in Microeconomics and Macroeconomics, specifically topics dealing with circular economies, economic models, laws of demand and supply, PED, PES and YED, Externalities and Market Failure, Price Controls, The National Economy, New Classical/Moetary and Keynesian approaches to modellling the economy, Monetary Policies, Fiscal Policies, Supply Side Policies and Lastly Poverty Alleviation, Equality and Welfare Economics. 
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The course aligns well with the DP Economics SL, parts AS/AL Economics, and IGCSE Economics courses. 

Tutored by

SL

KK

Kush K 🇮🇳

Senior Tutor

Certified in 11 topics

I am a high school student from India. For the most part, I will be able to help out with Mathematics, Advanced Mathematics, Biology, Physics, Chemistry and Computer Science. Please feel free to message me in case you need any help.

Schedule

✋ ATTENDANCE POLICY

Each session will build on top of the other,s so it is recommended that you attend every session.

SESSION 1

20

Jul

SESSION 1

Other Topics

Other Topics

Sun 3:30 PM - 4:30 PM UTCJul 20, 3:30 PM - 4:30 PM UTC

🧠 Session 1: Course Introduction + Foundations of Economics
Welcome, expectations, learning objectives
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Scarcity, choice, opportunity cost
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Factors of production
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Economic systems (Free Market, Command, Mixed)
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Introduction to economic models

SESSION 2

21

Jul

SESSION 2

Other Topics

Other Topics

Mon 3:30 PM - 4:30 PM UTCJul 21, 3:30 PM - 4:30 PM UTC

🔄 Session 2: The Circular Flow of Income & Basic Economic Models
Circular flow of income (2, 3, and 4-sector models)
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Leakages and injections
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Production Possibility Frontier (PPF)
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Positive vs normative economics
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SESSION 3

22

Jul

SESSION 3

Other Topics

Other Topics

Tue 3:30 PM - 4:30 PM UTCJul 22, 3:30 PM - 4:30 PM UTC

📉 Session 3: Demand
Law of demand
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Movements along vs shifts in demand
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Determinants of demand
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Introduction to graphs and analysis

SESSION 4

23

Jul

SESSION 4

Other Topics

Other Topics

Wed 3:30 PM - 4:30 PM UTCJul 23, 3:30 PM - 4:30 PM UTC

📈 Session 4: Supply
Law of supply
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Movements along vs shifts in supply
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Determinants of supply
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Short-run vs long-run considerations
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SESSION 5

24

Jul

SESSION 5

Other Topics

Other Topics

Thu 3:30 PM - 4:30 PM UTCJul 24, 3:30 PM - 4:30 PM UTC

⚖️ Session 5: Market Equilibrium & Government Intervention
Equilibrium price and quantity
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Surpluses and shortages
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Government intervention: Price ceilings and price floors
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Case studies (rent controls, minimum wage)
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SESSION 6

25

Jul

SESSION 6

Other Topics

Other Topics

Fri 3:30 PM - 4:30 PM UTCJul 25, 3:30 PM - 4:30 PM UTC

📊 Session 6: Elasticities – PED (Price Elasticity of Demand)
Definition, formula, interpretation
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Determinants of PED
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Applications in taxation, pricing strategies

SESSION 7

8

Aug

SESSION 7

Other Topics

Other Topics

Fri 3:30 PM - 4:30 PM UTCAug 8, 3:30 PM - 4:30 PM UTC

📊 Session 7: Elasticities – PES, YED
Price Elasticity of Supply (PES)
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Income Elasticity of Demand (YED)
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Real-world examples and calculations

SESSION 8

9

Aug

SESSION 8

Other Topics

Other Topics

Sat 3:30 PM - 4:30 PM UTCAug 9, 3:30 PM - 4:30 PM UTC

🌍 Session 8: Market Failure – Introduction & Externalities
What is market failure?
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Negative externalities (production and consumption)
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Positive externalities (production and consumption)
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Diagrams, government solutions
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SESSION 9

10

Aug

SESSION 9

Other Topics

Other Topics

Sun 3:30 PM - 4:30 PM UTCAug 10, 3:30 PM - 4:30 PM UTC

📉 Session 9: More Market Failures & Public Goods
Merit and demerit goods
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Public goods and free rider problem
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Common access resources and sustainability
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Evaluating government intervention
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SESSION 10

11

Aug

SESSION 10

Other Topics

Other Topics

Mon 3:30 PM - 4:30 PM UTCAug 11, 3:30 PM - 4:30 PM UTC

📊 Session 10: National Income and Macroeconomic Objectives
Circular flow revisited in macro context
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GDP, GNP, Real vs Nominal GDP
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Limitations of GDP
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Overview of macro objectives: growth, inflation, unemployment

SESSION 11

12

Aug

SESSION 11

Other Topics

Other Topics

Tue 3:30 PM - 4:30 PM UTCAug 12, 3:30 PM - 4:30 PM UTC

🏛 Session 11: Aggregate Demand (AD) and Aggregate Supply (AS)
Components of AD (C + I + G + (X-M))
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Shifts in AD
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Short-run and long-run AS
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Introduction to AS/AD model
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SESSION 12

13

Aug

SESSION 12

Other Topics

Other Topics

Wed 3:30 PM - 4:30 PM UTCAug 13, 3:30 PM - 4:30 PM UTC

🧱 Session 12: Keynesian vs New Classical Views
Keynesian model (3-phase AS curve)
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New Classical approach
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Policy implications of each model
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Debate: Government intervention vs laissez-faire

SESSION 13

14

Aug

SESSION 13

Other Topics

Other Topics

Thu 3:30 PM - 4:30 PM UTCAug 14, 3:30 PM - 4:30 PM UTC

💰 Session 13: Monetary Policy
Functions of money
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Central banks and interest rates
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Tools of monetary policy
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Evaluation of effectiveness
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SESSION 14

15

Aug

SESSION 14

Other Topics

Other Topics

Fri 3:30 PM - 4:30 PM UTCAug 15, 3:30 PM - 4:30 PM UTC

🏛 Session 14: Fiscal Policy
Government revenue and expenditure
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Budget deficits/surpluses
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Expansionary vs contractionary fiscal policy
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Multiplier effect and crowding out
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SESSION 15

16

Aug

SESSION 15

Other Topics

Other Topics

Sat 3:30 PM - 4:30 PM UTCAug 16, 3:30 PM - 4:30 PM UTC

⚙️ Session 15: Supply-Side Policies
Market-based vs interventionist policies
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Examples (education, deregulation, tax reform)
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Time lags and effectiveness

SESSION 16

17

Aug

SESSION 16

Other Topics

Other Topics

Sun 3:30 PM - 4:30 PM UTCAug 17, 3:30 PM - 4:30 PM UTC

🧑‍🤝‍🧑 Session 16: Poverty, Inequality, and Welfare Economics
Absolute vs relative poverty
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Causes and consequences of inequality
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Lorenz curve and Gini coefficient
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Welfare policies and redistribution

SESSION 17

18

Aug

SESSION 17

Other Topics

Other Topics

Mon 3:30 PM - 4:30 PM UTCAug 18, 3:30 PM - 4:30 PM UTC

🧠 Session 17: Review, Consolidation, and Case Studies
Consolidation of Micro and Macro themes
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Practice data-response or mini case analysis
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Link concepts: e.g., how PED impacts tax policy decisions

SESSION 18

23

Aug

SESSION 18

Other Topics

Other Topics

Sat 3:30 PM - 4:30 PM UTCAug 23, 3:30 PM - 4:30 PM UTC

Yay! We did it! 
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We will come up with a debate/discussion with a real world focus either the Big, Beautiful Bill or the Indian Budget 2025, or BOJ's Negative Interest rates. 
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PS: But we always keep in mind, this is an Economics session, not a Political Science one! We will strictly use economic theories and laws introduced in this series and nothing else!

Public Discussion

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Jul 20 - Aug 23

5 weeks

60 mins

/ session

Next session on July 20, 2025

SCHEDULE

Sundays

3:30PM

Mondays

3:30PM

Fridays

3:30PM

Saturdays

3:30PM