The aim of this course is to show you that you already use principles of economics in your everyday life. You made the decision to read this course description, why? Because the additional benefit you are getting out of reading it (which is having more information about a potential course to fill your schedule) is higher than the additional cost you incur to read this description (which is using the time to do something else). This is marginal analysis: a fundamental concept of decision making in economics. Economics is the study of decision making under scarcity, something that we all do daily because most of our resources are scarce. Thinking about the overall economy, we are the consumers, the suppliers of labor, and potentially the producers; therefore, our decisions affect the overall economy and the shocks that happen to the economy affect us as well. This course will introduce you to basic macro-and microeconomics concepts and help you think about how to use them understand the behavior of individuals, firms, and the government. with specific focus on current events.

3 credits.