"M" Mountain, Socorro, NM
Principles of Economics
HONORS
Welcome!
Economics: "a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services" SOURCE: m-w.com
Principles of Economics is an honors-level introductory course in macroeconomics. It corresponds with "Econ 201" at Middlesex County College and students will have the option to earn credit at MCC (click here for info; fees apply).
As this is a college-level elective, it is expected that students will use time outside of class for reading and exploring related current events, and actively participate in discussion.
As the text is a mix of macroeconomics and microeconomics, we will not use every chapter.
Chapter 1: Ten Principles of Economics
Chapter 2: Thinking Like an Economist
Chapter 3: Interdependence and Gains from Trade
Chapter 4: The Market Forces of Supply & Demand
Chapter 6: Supply, Demand, and Government Policies
Chapter 23: Measuring a Nation’s Income
Chapter 24: Measuring the Cost of Living
Chapter 25: Production and Growth
Chapter 26: Saving, Investment, and the Financial System
Chapter 28: Unemployment
Chapter 29: The Monetary System
Chapter 30: Monetary Growth and Inflation
Chapter 33: Aggregate Demand and Aggregate Supply
Chapter 34: The Influence of Monetary &
Fiscal Policy on Aggregate Demand