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Eric Van Dusen
This introductory course in Data Science and Economics is based on a Connector Course taught at UC Berkeley as a Connector between the field of Economics and the popular Introduction to Data Science Course. In this first course we cover Demand, Supply , Equilibrium, and Taxes.
Read more
This introductory course in Data Science and Economics is based on a Connector Course taught at UC Berkeley as a Connector between the field of Economics and the popular Introduction to Data Science Course. In this first course we cover Demand, Supply , Equilibrium, and Taxes.
Read more
This introductory course in Data Science and Economics is based on a Connector Course taught at UC Berkeley as a Connector between the field of Economics and the popular Introduction to Data Science Course. In this first course we cover Demand, Supply , Equilibrium, and Taxes.
This course is of interest to the growing number of students interested in the overlap between Economics and Data Science. The course gives learners a chance to apply programming approaches to economics concepts and gives economics students a chance to strengthen programming skills.
What you'll learn
- Understand basic concepts of Economics through programming
- Visualize Demand and Supply curves as deriving from Data
- Be able to code and solve simple equations in Python
- Able to graph basic equations used in microeconomics
- Applications/ Illustrations from topics in the fields of Economics
Register for this course and see more details by visiting:
OpenCourser.com/course/zzhl5s/fundamentals
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what to watch for , and
possible dealbreakers
Examines basic economic principles through programming, making them accessible to students with varying backgrounds
Emphasizes the practical application of data science techniques in the field of economics, making it relevant to real-world scenarios
Builds a strong foundation in Python, a widely used programming language in data science
Incorporates hands-on exercises and labs to reinforce learning and develop practical skills
Taught by Eric Van Dusen, a recognized expert in data science and economics
May require additional prerequisites or background knowledge in economics and programming
Save this course
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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 Fundamentals of Economics with these
activities:
Read Freakonomics
Show steps
Provides real-world examples of how economic concepts apply in everyday life.
View
Freakonomics Rev Ed: A Rogue Economist Explores...
on Amazon
Show steps
-
Read the book.
-
Take notes on key concepts and examples.
-
Discuss the book with a friend or classmate.
Solve Equilibrium Problems
Show steps
Provides repetitive practice in solving equilibrium problems, reinforcing concepts and improving problem-solving skills.
Browse courses on
Equilibrium
Show steps
-
Find online practice problems or textbooks with equilibrium questions.
-
Solve the problems and check your answers.
Watch Lectures on Equilibrium
Show steps
Provides a clear understanding of the concept of equilibrium and its role in economic analysis.
Browse courses on
Equilibrium
Show steps
-
Find online lectures or videos on equilibrium.
-
Take notes and summarize the main points.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Build a Supply and Demand Model
Show steps
Develops practical skills in applying economic concepts through hands-on modeling.
Browse courses on
Supply and Demand
Show steps
-
Choose a product or service.
-
Gather data on supply and demand.
-
Create a mathematical model.
-
Test the model and make predictions.
Attend a Workshop on Data Visualization
Show steps
Enhances understanding of data visualization techniques and their application in economic analysis.
Browse courses on
Data Visualization
Show steps
-
Find a workshop or training on data visualization.
-
Attend the workshop and participate actively.
Discuss Case Studies in Economics
Show steps
Promotes critical thinking, collaborative learning, and the application of economic concepts to real-world scenarios.
Browse courses on
Economics
Show steps
-
Form study groups with classmates.
-
Select a case study to analyze.
-
Discuss the economic principles involved.
-
Present findings to the class.
Write an Economic Analysis Paper
Show steps
Develops critical thinking, analytical writing, and research skills by applying economic concepts to analyze real-world issues.
Browse courses on
Economics
Show steps
-
Choose a topic related to the concepts covered in the course.
-
Research the topic and gather evidence.
-
Write an outline and draft.
-
Revise and edit the paper.
Read Freakonomics
Show steps
Provides real-world examples of how economic concepts apply in everyday life.
View
Freakonomics Rev Ed: A Rogue Economist Explores...
on Amazon
Show steps
Show steps
Show steps
- Read the book.
- Take notes on key concepts and examples.
- Discuss the book with a friend or classmate.
Solve Equilibrium Problems
Show steps
Provides repetitive practice in solving equilibrium problems, reinforcing concepts and improving problem-solving skills.
Browse courses on
Equilibrium
Show steps
Show steps
Show steps
- Find online practice problems or textbooks with equilibrium questions.
- Solve the problems and check your answers.
Watch Lectures on Equilibrium
Show steps
Provides a clear understanding of the concept of equilibrium and its role in economic analysis.
Browse courses on
Equilibrium
Show steps
Show steps
Show steps
- Find online lectures or videos on equilibrium.
- Take notes and summarize the main points.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Build a Supply and Demand Model
Show steps
Develops practical skills in applying economic concepts through hands-on modeling.
Browse courses on
Supply and Demand
Show steps
Show steps
Show steps
- Choose a product or service.
- Gather data on supply and demand.
- Create a mathematical model.
- Test the model and make predictions.
Attend a Workshop on Data Visualization
Show steps
Enhances understanding of data visualization techniques and their application in economic analysis.
Browse courses on
Data Visualization
Show steps
Show steps
Show steps
- Find a workshop or training on data visualization.
- Attend the workshop and participate actively.
Discuss Case Studies in Economics
Show steps
Promotes critical thinking, collaborative learning, and the application of economic concepts to real-world scenarios.
Browse courses on
Economics
Show steps
Show steps
Show steps
- Form study groups with classmates.
- Select a case study to analyze.
- Discuss the economic principles involved.
- Present findings to the class.
Write an Economic Analysis Paper
Show steps
Develops critical thinking, analytical writing, and research skills by applying economic concepts to analyze real-world issues.
Browse courses on
Economics
Show steps
Show steps
Show steps
- Choose a topic related to the concepts covered in the course.
- Research the topic and gather evidence.
- Write an outline and draft.
- Revise and edit the paper.
Career center
Learners who complete Fundamentals of Economics will develop knowledge and skills
that may be useful to these careers:
Supply Chain Manager
Supply Chain Manager
Supply chain managers are responsible for the flow of goods and materials from suppliers to customers. They work with cross-functional teams to ensure that products are delivered to customers on time and at a competitive cost. A course on Fundamentals of Economics may be useful for aspiring supply chain managers because it provides a foundation in economic principles, including demand, supply, and equilibrium. This knowledge can help supply chain managers understand how economic factors influence supply chain decisions and how to develop effective supply chain strategies.
Sales Manager
Sales Manager
Sales managers lead sales teams and are responsible for achieving sales targets. They work with sales representatives to develop sales strategies, identify prospects, and close deals. A course on Fundamentals of Economics may be useful for aspiring sales managers because it provides a foundation in economic principles, including demand, supply, and equilibrium. This knowledge can help sales managers understand how economic factors influence sales decisions and how to develop effective sales strategies.
Data Scientist
Data Scientist
Data scientists use data to solve problems and make decisions. They collect, clean, analyze, and visualize data to identify trends and patterns. A course on Fundamentals of Economics may be useful for aspiring data scientists because it provides a foundation in economic principles, including demand, supply, and equilibrium. This knowledge can help data scientists understand how economic factors influence data and decision-making. Additionally, the course's emphasis on using programming approaches to economics concepts can be useful for data scientists who want to use data science to analyze economic data.
Business Analyst
Business Analyst
Business analysts use data and analysis to improve business processes and make informed decisions. They work with stakeholders to identify problems, develop solutions, and measure the impact of changes. A course on Fundamentals of Economics may be useful for aspiring business analysts because it provides a foundation in economic principles, including demand, supply, and equilibrium. This knowledge can help business analysts understand how economic factors influence business decisions and outcomes. Additionally, the course's emphasis on using programming approaches to economics concepts can be useful for business analysts who want to use data science to analyze business data.
Software Engineer
Software Engineer
Software engineers design, develop, and maintain software applications. They work with stakeholders to gather requirements, design solutions, and implement and test software. A course on Fundamentals of Economics may be useful for aspiring software engineers because it provides a foundation in economic principles, including demand, supply, and equilibrium. This knowledge can help software engineers understand how economic factors influence software development and how to develop software that meets the needs of users.
Financial Planner
Financial Planner
Financial planners help individuals and families achieve their financial goals. They work with clients to develop financial plans, manage investments, and prepare for retirement. A course on Fundamentals of Economics may be useful for aspiring financial planners because it provides a foundation in economic principles, including demand, supply, and equilibrium. This knowledge can help financial planners understand how economic factors influence financial decisions and how to develop effective financial plans.
Policy Analyst
Policy Analyst
Policy analysts research and analyze public policies to make recommendations on how to improve them. They work with policymakers to develop and evaluate policies and programs that address social and economic issues. A course on Fundamentals of Economics may be useful for aspiring policy analysts because it provides a foundation in economic principles, including demand, supply, and equilibrium. This knowledge can help policy analysts understand how economic factors influence public policy and how to develop effective policies.
Marketing Manager
Marketing Manager
Marketing managers develop and execute marketing campaigns to promote products and services. They work with cross-functional teams to identify target markets, develop marketing strategies, and track campaign performance. A course on Fundamentals of Economics may be useful for aspiring marketing managers because it provides a foundation in economic principles, including demand, supply, and equilibrium. This knowledge can help marketing managers understand how economic factors influence marketing decisions and how to develop effective marketing campaigns.
Product Manager
Product Manager
Product managers are responsible for the development and launch of new products and services. They work with cross-functional teams to define product requirements, develop marketing strategies, and track product performance. A course on Fundamentals of Economics may be useful for aspiring product managers because it provides a foundation in economic principles, including demand, supply, and equilibrium. This knowledge can help product managers understand how economic factors influence product development and how to develop products that meet the needs of customers.
Operations Manager
Operations Manager
Operations managers are responsible for the day-to-day operations of a business. They work with cross-functional teams to ensure that products and services are produced and delivered efficiently and cost-effectively. A course on Fundamentals of Economics may be useful for aspiring operations managers because it provides a foundation in economic principles, including demand, supply, and equilibrium. This knowledge can help operations managers understand how economic factors influence business operations and how to develop effective operations strategies.
Consultant
Consultant
Consultants provide advice and guidance to businesses and organizations on a variety of topics, including economics, finance, and strategy. They help clients identify problems, develop solutions, and implement changes. A course on Fundamentals of Economics may be useful for aspiring consultants because it provides a foundation in economic principles, including demand, supply, and equilibrium. This knowledge can help consultants understand how economic factors influence businesses and organizations and how to develop effective solutions.
Actuary
Actuary
Actuaries use mathematical and statistical techniques to assess risk and uncertainty. They work with insurance companies, pension funds, and other financial institutions to develop and price insurance products and services. A course on Fundamentals of Economics may be useful for aspiring actuaries because it provides a foundation in economic principles, including demand, supply, and equilibrium. This knowledge can help actuaries understand how economic factors influence risk and uncertainty and how to develop and price insurance products and services.
Financial Analyst
Financial Analyst
Financial analysts evaluate the financial health of companies and make recommendations on investments. They use financial data to assess a company's performance, identify trends, and make forecasts. A course on Fundamentals of Economics may be useful for aspiring financial analysts because it provides a foundation in economic principles, including demand, supply, and equilibrium. This knowledge can help analysts understand how economic factors influence company performance and investment opportunities. Additionally, the course's emphasis on using programming approaches to economics concepts can be useful for analysts who want to use data science to analyze financial data.
Market Research Analyst
Market Research Analyst
Market research analysts study market conditions to assess potential sales of a product or service. They design surveys, conduct interviews, and analyze data to understand consumer needs and preferences. A course on Fundamentals of Economics may be useful for aspiring market research analysts because it provides a foundation in economic principles, including demand, supply, and equilibrium. This knowledge can help analysts understand how economic factors influence consumer behavior and market trends. Additionally, the course's emphasis on using programming approaches to economics concepts can be useful for analysts who want to use data science to analyze market research data.
Economist
Economist
Economists study how societies use scarce resources to produce goods and services and distribute them among different people. Some economists apply their knowledge to particular problems by studying the economy of a particular industry, region, or country. A course like this one on Fundamentals of Economics may be useful for building a general foundation in economics. It can help economists understand the basics of demand, supply, equilibrium, and taxes, which are all important concepts in the field of economics. Additionally, the course's emphasis on using programming approaches to economics concepts can be helpful for economists who want to use data science to analyze economic data.
For more career information including salaries, visit:
OpenCourser.com/course/zzhl5s/fundamentals
Reading list
We've selected eight books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Fundamentals of Economics.
Save
Provides a comprehensive overview of microeconomic principles, including demand, supply, and equilibrium. It commonly used textbook in economics courses and can supplement the course materials well.
Save
Provides a rigorous introduction to econometrics, which is essential for analyzing economic data. It can serve as a valuable reference for students looking to deepen their understanding of the subject.
Provides a comprehensive introduction to game theory, which has applications in economics and other fields.
Provides a solid foundation in mathematics for economics students.
Provides a gentle introduction to Python for data science, suitable for beginners.
Provides an overview of microeconomic principles in French.
Explores the economic implications of information in French.
Provides a gentle introduction to Python for data science in Japanese.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/zzhl5s/fundamentals
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Effort
5 to 10 hours per week for 4 weeks
Level
Elementary
Via
edX
Institution
University of California, Berkeley
Instructor
Eric Van Dusen
Good to know
Examines basic economic principles through programming, making them accessible to students with varying backgrounds
Emphasizes the practical application of data science techniques in the field of economics, making it relevant to real-world scenarios
Builds a strong foundation in Python, a widely used programming language in data science
Incorporates hands-on exercises and labs to reinforce learning and develop practical skills
Taught by Eric Van Dusen, a recognized expert in data science and economics
May require additional prerequisites or background knowledge in economics and programming
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