Principles of Economics with Calculus from edX

This course provides a quantitative and model-based introduction to basic economic principles, and teaches how to apply them to make sense of a wide range of real world problems. Examples of applications include predicting the impact of technological changes in market prices, calculating the optimal gasoline tax, and measuring the value of new products. This is a real Caltech class. It will be taught concurrently to Caltech and on-line students. This has two implications. On the costs side: the class is challenging, makes extensive use of calculus, and will demand significant effort. On the benefit side: successful completion of the class will provide you with an in-depth understanding of basic economics, and will permanently change the way you see the world.

What you'll learn

Understand, apply, and analyze calculus-based economic models
Translate economic principles to the investigation of a wide range of real world problems
Elaborate on an in-depth understanding of basic economics and its applications

What's inside

Learning objectives

Understand, apply, and analyze calculus-based economic models
Translate economic principles to the investigation of a wide range of real world problems

Elaborate on an in-depth understanding of basic economics and its applications

Understand, apply, and analyze calculus-based economic models
Translate economic principles to the investigation of a wide range of real world problems
Elaborate on an in-depth understanding of basic economics and its applications

Syllabus

None

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Emphasizes the translation of economic principles into actionable insights for real-world problem-solving

Demands significant effort and extensive use of calculus, making it suitable for advanced learners

Provides an in-depth understanding of basic economics, enabling learners to critically analyze economic issues

Offers a comprehensive study of economic models and their applications

Taught by Antonio Rangel, a recognized expert in economics

Reviews summary

Calculus-based economics course

Learners say this calculus-based economics course is challenging but rewarding for those with basic calculus knowledge. The math-heavy approach provides a solid understanding of the underlying economic principles.

Course is challenging but rewarding.

"This class was one of the tougher online ones I've taken..."

"The experience has been rewarding."

Students should have basic calculus knowledge.

"For a beginner like myself, the lectures have often felt rushed, and I definitely have to follow along in the lecture notes and stop to make frequent annotations and work out mathematical expressions that are sped through..."

Course uses a math-heavy approach.

"Beautiful introduction to economics, the math involved can be at times challenging..."

"Some people were complaining on the forum that there is too much math etc but that's just economics."

Career center

Learners who complete Principles of Economics with Calculus will develop knowledge and skills that may be useful to these careers:

Market Researcher

Market Researchers use their understanding of economics to conduct research on consumer behavior and market trends. They use their findings to help businesses make informed decisions about product development, marketing, and pricing. This course would be particularly useful for Market Researchers who want to develop a deeper understanding of basic economics. The course's focus on calculus-based economic models would provide Market Researchers with the tools they need to analyze economic data and make more informed decisions about product development, marketing, and pricing.

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Data Scientist

Data Scientists work in a wide range of fields to collect, analyze, and interpret data. They use their findings to inform decisions, solve problems, and develop new products or services. This course would be particularly useful for Data Scientists who want to develop a deeper understanding of basic economics. The course's focus on calculus-based economic models would provide Data Scientists with the tools they need to analyze economic data and make more informed decisions.

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Economist

Economists use their understanding of economic principles to analyze economic data and make predictions about the future of the economy. They work in a variety of settings, including academia, government, and the private sector. This course would be particularly useful for Economists who want to develop a deeper understanding of basic economics. The course's focus on calculus-based economic models would provide Economists with the tools they need to analyze economic data and make more informed predictions about the future of the economy.

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Financial Analyst

Financial Analysts use their knowledge of economics to make sound investment decisions. They analyze financial data, build models, and make recommendations to help investors make informed decisions. This course would be particularly useful for Financial Analysts who want to develop a deeper understanding of basic economics. The course's focus on calculus-based economic models would provide Financial Analysts with the tools they need to analyze economic data and make more informed investment decisions.

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Portfolio Manager

Portfolio Managers use their knowledge of economics to manage investment portfolios for individuals and institutions. They work in a variety of settings, including banks, investment firms, and hedge funds. This course would be particularly useful for Portfolio Managers who want to develop a deeper understanding of basic economics. The course's focus on calculus-based economic models would provide Portfolio Managers with the tools they need to analyze economic data and make more informed investment decisions.

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Risk Manager

Risk Managers use their knowledge of economics to assess and manage risk for businesses. They work in a variety of settings, including banks, insurance companies, and consulting firms. This course would be particularly useful for Risk Managers who want to develop a deeper understanding of basic economics. The course's focus on calculus-based economic models would provide Risk Managers with the tools they need to analyze economic data and make more informed decisions about risk management.

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Investment Banker

Investment Bankers use their knowledge of economics to help businesses raise capital and make sound investment decisions. They work in a variety of settings, including banks, investment firms, and private equity firms. This course would be particularly useful for Investment Bankers who want to develop a deeper understanding of basic economics. The course's focus on calculus-based economic models would provide Investment Bankers with the tools they need to analyze economic data and make more informed investment decisions.

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Consultant

Consultants use their knowledge of economics to help businesses solve problems and improve their performance. They work in a variety of industries, including finance, healthcare, and technology. This course would be particularly useful for Consultants who want to develop a deeper understanding of basic economics. The course's focus on calculus-based economic models would provide Consultants with the tools they need to analyze economic data and make more informed recommendations to their clients.

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Quantitative Analyst

Quantitative Analysts use their knowledge of mathematics and economics to develop and implement quantitative models for investment firms and hedge funds. This course would be particularly useful for Quantitative Analysts who want to develop a deeper understanding of basic economics. The course's focus on calculus-based economic models would provide Quantitative Analysts with the tools they need to develop and implement more sophisticated quantitative models.

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Actuary

Actuaries use their knowledge of economics and mathematics to assess and manage risk for insurance companies. They work in a variety of settings, including insurance companies, consulting firms, and government agencies. This course would be particularly useful for Actuaries who want to develop a deeper understanding of basic economics. The course's focus on calculus-based economic models would provide Actuaries with the tools they need to analyze economic data and make more informed decisions about risk management.

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Financial Planner

Financial Planners use their knowledge of economics and finance to help individuals and families plan for their financial future. This course would be particularly useful for Financial Planners who want to develop a deeper understanding of basic economics. The course's focus on calculus-based economic models would provide Financial Planners with the tools they need to analyze economic data and make more informed recommendations to their clients.

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Data Engineer

Data Engineers use their knowledge of computer science and economics to build and maintain data pipelines for businesses. This course would be particularly useful for Data Engineers who want to develop a deeper understanding of basic economics. The course's focus on calculus-based economic models would provide Data Engineers with the tools they need to build and maintain more efficient and effective data pipelines.

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Business Analyst

Business Analysts use their knowledge of economics and business to analyze business data and make recommendations to improve business performance. This course would be particularly useful for Business Analysts who want to develop a deeper understanding of basic economics. The course's focus on calculus-based economic models would provide Business Analysts with the tools they need to analyze economic data and make more informed recommendations to their clients.

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Insurance Agent

Insurance Agents use their knowledge of economics and insurance to help individuals and businesses purchase insurance policies. This course would be particularly useful for Insurance Agents who want to develop a deeper understanding of basic economics. The course's focus on calculus-based economic models would provide Insurance Agents with the tools they need to analyze economic data and make more informed recommendations to their clients.

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Loan Officer

Loan Officers use their knowledge of economics and finance to help individuals and businesses obtain loans. This course would be particularly useful for Loan Officers who want to develop a deeper understanding of basic economics. The course's focus on calculus-based economic models would provide Loan Officers with the tools they need to analyze economic data and make more informed decisions about lending.

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Principles of Economics with Calculus

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Calculus-based economics course

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