Intro to Economics
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10 sessions
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About
No prior knowledge required! This 10-session 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.
We will meet on Thursdays and Saturdays from 7-8 PM EST (with a couple of exceptions).
Tutored by
✋ 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
23
Jan
SESSION 1
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Fri 12:00 AM - 1:00 AM UTCJan 23, 12:00 AM - 1:00 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
24
Jan
SESSION 2
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Sat 9:00 PM - 10:00 PM UTCJan 24, 9:00 PM - 10:00 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
30
Jan
SESSION 3
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Fri 12:00 AM - 1:00 AM UTCJan 30, 12:00 AM - 1:00 AM 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
1
Feb
SESSION 4
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Sun 12:00 AM - 1:00 AM UTCFeb 1, 12:00 AM - 1:00 AM 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
6
Feb
SESSION 5
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Fri 12:00 AM - 1:00 AM UTCFeb 6, 12:00 AM - 1:00 AM 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
8
Feb
SESSION 6
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Sun 12:00 AM - 1:00 AM UTCFeb 8, 12:00 AM - 1:00 AM 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
13
Feb
SESSION 7
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Fri 12:00 AM - 1:00 AM UTCFeb 13, 12:00 AM - 1:00 AM 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
15
Feb
SESSION 8
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Sun 12:00 AM - 1:00 AM UTCFeb 15, 12:00 AM - 1:00 AM 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)!
SESSION 9
18
Feb
SESSION 9
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Wed 12:00 AM - 1:00 AM UTCFeb 18, 12:00 AM - 1:00 AM UTC
In a sort of continuation on monetary policy and the money supply, we’ll break down what makes something "money," how banks and financial markets work, and why interest rates matter so much for spending, saving, and investing. We’ll also explore the difference between nominal and real interest rates, and learn more about the money supply and how it’s managed in the economy.
SESSION 10
24
Feb
SESSION 10
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Tue 12:00 AM - 1:00 AM UTCFeb 24, 12:00 AM - 1:00 AM UTC
In our final session, we’ll start by unpacking how the government gets its money (taxes) and what happens when it spends more than it earns (budget deficits). We’ll look at how taxes are structured, the difference between the deficit and the debt, and why it all matters.
Then, we’ll spend the second half of class playing a fun Kahoot to revisit the biggest ideas from the entire course, from supply and demand to monetary policy!