Principles of Economics: Introduction
Master fundamental economic concepts from microeconomics to macroeconomics. Perfect for business and policy careers.
Master fundamental economic concepts from microeconomics to macroeconomics. Perfect for business and policy careers.
This course cannot be purchased separately - to access the complete learning experience, graded assignments, and earn certificates, you'll need to enroll in the full A Story of Economics: A Principles Tale Specialization program. You can audit this specific course for free to explore the content, which includes access to course materials and lectures. This allows you to learn at your own pace without any financial commitment.
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What you'll learn
Identify how Opportunity Costs affect economic decisions
Discover the basics of the study of economics
Compare the long and short of economic theory
Link trade and national production
Discuss what tradeoffs nations face in production
Determine how market supply relates to prices
Skills you'll gain
This course includes:
6.5 Hours PreRecorded video
6 quizzes, 49 assignments
Access on Mobile, Tablet, Desktop
FullTime access
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There are 7 modules in this course
This comprehensive course introduces fundamental concepts of both microeconomics and macroeconomics, serving as a foundation for economic decision-making. Students explore supply and demand analysis, consumer and producer behavior, market equilibria, and policy implications. The course covers national output determination, employment, interest rates, inflation, and international trade, with practical applications to current policy issues. Special emphasis is placed on understanding opportunity costs, market mechanisms, and economic tradeoffs.
Welcome to the Course
Module 1 · 48 Minutes to complete
Module 1 - Start From the Start
Module 2 · 3 Hours to complete
Module 2 - Markets, Like Where the Piggy's go
Module 3 · 3 Hours to complete
Module 3 - Elasticity
Module 4 · 2 Hours to complete
Module 4 - Market and Government Policy
Module 5 · 2 Hours to complete
Module 5 - The Welfare of Markets
Module 6 · 2 Hours to complete
Module 6 - Externalities and Types of Goods
Module 7 · 4 Hours to complete
Fee Structure
Instructor
Inspiring Economics Educator and Program Director
Dr. James DeNicco is the Director of the Principles of Economics Program and a Senior Lecturer at Rice University, where he has passionately taught economics since 2010. With a Ph.D. in Economics from Drexel University, his expertise lies primarily in Macroeconomics and Industrial Organization. Dr. DeNicco's engaging teaching style has earned him numerous accolades, including the Malcolm Gillis Award for Distinction in Undergraduate Teaching and the George R. Brown Award for Superior Teaching, reflecting his commitment to student success and learning. He teaches approximately 700 students annually in introductory economics courses and also contributes to graduate programs in Global Affairs and Social Policy Evaluation. Beyond his classroom contributions, Dr. DeNicco actively fosters community through initiatives like Baker College traditions and serves as a Divisional Advisor, helping new students navigate their academic paths. His research interests focus on the interplay between GDP growth and labor dynamics, with published works that address critical economic issues. Through his dedication to teaching and mentorship, Dr. DeNicco not only imparts knowledge but also builds meaningful connections with his students, making a lasting impact on their educational journeys.
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