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Introduction to Economics - ECO105/3 Spring 2026
Course
Michael Fanta
Lessons
Here is the course outline:
1. Session 1 – Course Introduction, Supply and Demand
Feb 3 3pm .. 5:45pm, 2.19
Course description, Introduction to Supply, Demand, and Equilibrium |
2. Session 2 – Shifts of the supply and demand curve
Feb 10 3pm .. 5:45pm, 2.19
Shifts of the demand curve, normal goods vs. inferior goods, substitutes and complements, change in demand vs. change in quantity demanded. Shifts of the supply curve, change in supply vs. change in quantity supplied, consumer surplus and producer surplus |
3. Session 3 – Consumer Choice, Price Elasticity of Demand
Feb 17 3pm .. 5:45pm, 311
Consumer Choice, Price Elasticity of Demand and Its Applications |
4. Session 4 – Elasticity of Supply, The price system, Price ceilings, Price floors
Feb 24 3pm .. 5:45pm, 311
Elasticity of Supply, The price system, Price ceilings, Price floors |
5. Session 5 – Externalities and Trade
Mar 3 3pm .. 5:45pm, 311
Externalities and Introduction to trade |
6. Session 6 – Costs, Profit maximization under competition
Mar 10 3pm .. 5:45pm, 311
Costs, Profit maximization under competition |
7. Session 7 – Price discrimination, other market structures
Mar 17 3pm .. 5:45pm, 311
Price discrimination, other market structures |
8. Session 8 – Mid-Term Exam
Mar 24 12am .. 2:45am, 311
Mid-term test. Paper based. Closed book. Approx. 60 minutes. |
9. Session 9 – Gross Domestic Product and Economic Growth
Apr 7 3pm .. 5:45pm, 311
GDP and economic growth |
10. Session 10 – Inflation and Quantity Theory of Money
Apr 14 3pm .. 5:45pm, L312
Inflation and Quantity Theory of Money |
11. Session 11 – Labour Market + Business fluctuations
Apr 21 3pm .. 5:45pm, L312
Labour Market + Business fluctuations |
12. Session 12 – Business Cycles and Monetary Policy Tools
Apr 28 3pm .. 5:45pm, L312
Business Cycles and Monetary Policy Tools |
13. Session 13 – Fiscal Policy
May 5 3pm .. 5:45pm, L312
Tools of fiscal policy + repetition |
14. Final test
May 12 3pm .. 5:45pm, L312
Final test |