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Dr. José J. Vázquez-Cognet

Most people make the incorrect assumption that economics is ONLY the study of money. My primary goal in this course is to shatter this belief. During this course, we will be addressing the above questions as well as many more relating to:

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Most people make the incorrect assumption that economics is ONLY the study of money. My primary goal in this course is to shatter this belief. During this course, we will be addressing the above questions as well as many more relating to:

-the environment

-love and marriage

-crime

-labor markets

-education

-politics

-sports

-business

My main goal is to show you the way economists think and how to use this analytical system to answer questions related not only to these and other important human issues but to anything you end up doing with your life after this class. After all, as you will quickly find out, I believe that everything is economics!

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Syllabus

Market Efficiency and Government Policies
Welcome! Last course we introduced the supply and demand model to explain how free markets work. One of the main concepts we learned about free markets was that they tend to gravitate toward an “equilibrium” price and quantity. This module we will use the same conceptual model to answer one important question: Are free markets the best way to distribute society’s resources?
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Elasticities
Welcome! This module we will cover one of my favorite economics concepts: elasticity. It is one of my favorites because of how useful it is to analyze policy implications, as well as its usefulness for business managers. This will be obvious to you when you read one of the discussion topics for this module: Should we legalize marijuana?

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Designed for students / learners interested in economics
Suitable for learners who are new to economics
Led by renowned economist Dr. José J. Vázquez-Cognet
Teaches foundational concepts of economics, including supply and demand, elasticity, and market efficiency
Provides insights into how economic principles apply to various aspects of society, such as the environment, love and marriage, and politics
Aims to develop critical thinking and analytical skills in economics

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Market Equilibrium, Government Policy & Elasticity with these activities:
Freakonomics
Expand understanding of economics' real-world applications and counterintuitive insights, as explored in this popular non-fiction book
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  • Read the book
  • Identify key economic principles and concepts
  • Consider how these principles apply to your own life and experiences
Microeconomics Problem-Solving Practice
Sharpen problem-solving skills and reinforce microeconomic concepts through targeted practice exercises
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  • Review microeconomic concepts
  • Solve practice problems
  • Check answers and identify areas for improvement
Economics Study Group
Collaborate with peers to discuss concepts, solve problems, and exchange perspectives, reinforcing understanding and application of course content
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  • Form a study group with classmates
  • Choose a topic or assignment to focus on
  • Meet regularly to discuss and work together
Four other activities
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Show all seven activities
Econometrics: A Step-by-step Guide with Data Analysis
Follow a structured guide to econometric methodologies to gain proficiency for course-related quantitative analysis and interpretation
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  • Review the basics of probability and statistics
  • Learn about different econometric models
  • Practice using econometric software
  • Apply econometric techniques to real-world data
Economics Comprehensive Study Guide
Consolidate course materials and enhance understanding by creating a comprehensive study guide tailored to your learning style
Show steps
  • Gather and organize lecture notes, textbook readings, and other course materials
  • Identify key concepts and themes
  • Summarize and condense information into a concise format
  • Review the study guide regularly
Economic Policy Analysis Blog
Develop a blog to analyze and discuss current economic policies, fostering analytical thinking and communication skills relevant to course themes
Show steps
  • Choose an economic policy topic
  • Research and gather relevant data
  • Write a blog post analyzing the policy
  • Share the blog post with others
  • Engage in discussions about the policy
Economic Development Plan for a Developing Country
Apply course knowledge to a real-world scenario by developing a comprehensive economic development plan that considers economic factors and social impact
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  • Research the economic conditions and challenges of a developing country
  • Identify potential economic development strategies
  • Develop a detailed implementation plan
  • Estimate the potential impact of the plan
  • Present the plan to stakeholders

Career center

Learners who complete Market Equilibrium, Government Policy & Elasticity will develop knowledge and skills that may be useful to these careers:

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