Introduction to Economic Thought - ECO105/2 Fall 2025
Course

Lessons
Here is the course outline:
1. Lesson 1
Sep 1
Course Introduction |
2. Lesson 2
Sep 3
Supply, Demand, and Equilibrium |
3. Lesson 3
Sep 8
Supply, Demand and Equilibrium |
4. Lesson 4
Sep 10
Supply, demand, and equilibrium |
5. Lesson 5
Sep 15
Consumer Choice |
6. Lesson 6
Sep 17
Price Elasticity of Demand and Its Applications |
7. Lesson 7
Sep 22
The Price System, Price Ceilings and Price Floors |
8. Lesson 8
Sep 24
Price System, Price Ceilings and Price Floors (part 2) |
9. Lesson 9
Sep 29
Trade: Absolute and Comparative Advantage |
10. Lesson 10
Oct 1
Trade – Absolute and Comparative Advantage (part 2) |
11. Lesson 11
Oct 6
Costs and Profit Maximization Under Competition |
12. Lesson 12
Oct 8
Profit maximizing under competition |
13. Lesson 13
Oct 13
Monopoly and price discrimination |
14. Lesson 14
Oct 15
Guest lecture |
15. Session 15
Oct 20
Midterm exam |
16. Lesson 16
Oct 22
Labor Markets |
17. Lesson 17
Nov 3
Gross Domestic Product (GDP) |
18. Lesson 18
Nov 5
Wealth of Nations and Economic Growth |
19. Lesson 19
Nov 10
Unemployment and Labor Force Participation |
20. Lesson 20
Nov 12
Unemployment and Labor Force Participation (part 2) |
21. Lesson 21
Nov 19
Inflation and Quantity Theory of Money |
22. Lesson 22
Nov 24
Inflation and Quantity Theory of Money (part 2) |
23. Lesson 23
Nov 26
Business Fluctuations, Aggregate Supply and Demand |
24. Lesson 24
Dec 1
Business Fluctuations, Aggregate Supply and Demand (part 2) |
25. Lesson 25
Dec 3
Monetary Policy and the Federal Reserve |
26. Lesson 26
Dec 8
Monetary Policy and the Federal Reserve (part 2) |
27. Lesson 27
Dec 10
Fiscal Policy |
28. Lesson 28
Dec 15
Final Exam |