About This Course

This course provides a quantitative and model-based introduction to basic economic principles, teaching students how to apply these principles to make sense of a wide range of real world problems. Topics tackled include predicting the impact of technological changes on market prices, calculating the optimal gasoline tax, and measuring the value of new products. Although challenging, as the course makes extensive use of calculus and requires significant effort, it rewards students with a deep understanding of basic economics, permanently altering how they view the world. This course is directly from Caltech, offered to both Caltech and online students, ensuring a rigorous learning experience.

Course Details

• Institution: CaltechX
• Subject: Business & Management
• Level: Intermediate
• Language: English
• Video Transcript: English
• Prerequisites: Good understanding of basic (univariate) calculus.
• Associated Skills: Forecasting, Economics, Calculus

What Students Will Learn

• Understand, apply, and analyze calculus-based economic models.
• Translate economic principles to the investigation of a wide range of real world problems.
• Elaborate on an in-depth understanding of basic economics and its applications.

Course Syllabus

Currently, a detailed syllabus is not provided. Please check the course provider's website for updates.

Who This Course Is For

This course is ideal for individuals with a solid foundation in calculus who wish to deepen their understanding of economic principles and learn how to apply these principles practically to understand and analyze real-world economic scenarios.

Real World Application

Skills acquired from this course can be applied in various real-world contexts, such as economic policymaking, financial forecasting, market analysis, and more. Understanding economic models and principles allows for better decision making in both business and government sectors.