What This Document Is
This is a comprehensive course guide for Introduction to Economics (ECON 1) at the University of California, Berkeley. It serves as a foundational roadmap for students navigating the core principles of economic thought. Designed to accompany the course lectures and readings, this guide outlines the structure, expectations, and key areas of focus for the semester. It’s an essential resource for anyone looking to succeed in this introductory economics curriculum.
Why This Document Matters
This guide is particularly valuable for students beginning their study of economics, or those seeking a clear overview of the course’s organization. It’s best utilized at the start of the semester to understand the workload, assessment breakdown, and important dates. Refer back to it throughout the term to stay on track with assignments and exam schedules. Students who proactively review this guide will be well-prepared for the challenges and opportunities presented in ECON 1.
Topics Covered
* Fundamental Economic Methodology & Rationality
* Consumer Behavior and Decision-Making
* Market Dynamics: Supply, Demand, and Elasticity
* Theory of the Firm: Production, Costs, and Profit
* Market Structures: Competition and Monopoly
* Game Theory and Strategic Interactions
* General Equilibrium and Market Efficiency
* Welfare Economics and Market Failures
* Intertemporal Choice and Uncertainty
What This Document Provides
* A detailed semester plan, including tentative dates for midterm and final examinations.
* Information regarding office hours and contact details for course instructors.
* A breakdown of the grading components and their respective weights.
* A syllabus outlining the core reading material and associated topics.
* A course website link for accessing additional resources and updates.
* An overview of the schedule of problem sets and their importance to the course.
