Principles of Economics

SOHS-YECONSCHOOL

Stanford School of Humanities and Sciences


Thumbnail

Description

In this free, online course, Professor John Taylor will introduce the fundamental concepts of economics, the study of how people manage resources and react to scarcity.

By studying both microeconomics (the behavior of consumers and companies) and macroeconomics (large-scale economic factors, such as  national production, employment, inflation and interest rates), you’ll learn to think like an economist and understand how a modern market economy functions.  You’ll learn about the factors that determine long-run growth and short-term fluctuations,  so you can better understand how economics applies to your everyday life.

What you will learn

  • How supply and demand influence market prices

  • Which driving forces cause fluctuation in the economy

  • How government policies play a role in inflation and unemployment

  • About the impacts of international trade and tariffs

No prior knowledge of economics is needed for this course.