Welcome to the official repository for the Introduction to Economics (UE-171) course. This resource is designed to support students in understanding core microeconomic and macroeconomic principles through a combination of textbooks, lectures, projects, and supplemental readings. Whether you're revising before exams or working on assignments, this repository is structured to help you grasp the foundational and modern concepts of economics efficiently. 📈📉
Two foundational textbooks are provided to supplement lectures and deepen understanding:
- Economics by McConnell, Brue, et al. – A student-friendly classic that covers both macro and micro economics in detail.
- Economics by Samuelson & Nordhaus – Offers strong theoretical insights with practical applications in global economic contexts.
Lec Plan - UE-171 - Introduction to Economics.pdf: This document provides a week-by-week breakdown of topics covered in the semester, including lecture distribution before and after the midterm, assessment schedules, and project requirements.
Topics covered in early lectures focus on microeconomic concepts like:
- Chap 1: Central Concepts of Economics (scarcity, opportunity cost, economic models)
- Chap 2: Market Systems and Circular Flow
- Chap 3: Demand, Supply, and Market Equilibrium
- Chap 6: Elasticity – price, income, and cross elasticity
- Chap 7: Consumer Behavior
- Chap 9: Production Costs (duplicate entry, also discussed post-mid)
📄 Additional Reading:
- Elasticity and Pricing Power – Understand how elasticity affects real-world pricing strategies.
Lectures post-midterm move into macroeconomic themes:
- Chap 9 (revisited): Businesses and Cost Structures
- Chap 10: Pure Competition in the Short Run
- Intro to Macroeconomics: Fundamental principles governing large-scale economic indicators and government policy
- Economic Growth and Population Decline – Explores demographics and their effect on long-term economic performance.
- Reading Internet Oligopolies – Focuses on modern markets and competition.
- Reading 3D Printers – Technological shifts and their impact on economies.
Title: Analyzing the Economic Impact of Digital Currency on National Economies
This research-based project investigates the implications of cryptocurrencies and CBDCs (Central Bank Digital Currencies) on fiscal policy, inflation control, and monetary systems. It's an excellent example of applying course theory to a rapidly evolving global topic.
📄 Provided in both .docx and .pdf formats.
├── 📚 Books
│ ├── Economics (McConnell).pdf
│ └── Economics (Samuelson).pdf
│
├── 📋 Course Outline
│ └── Lec Plan.pdf
│
├── 🧠 Lectures
│ ├── Before Mid
│ └── After Mid
│
├── 📘 Readings
│ ├── Elasticity & Pricing
│ ├── Oligopolies
│ └── 3D Printers
│
├── 📝 Project
│ ├── Digital Currency Report.docx
│ └── Digital Currency Report.pdf
│
├── .gitignore
├── LICENSE
└── README.md
This repository is licensed under the MIT License – feel free to use and adapt the materials for personal or academic purposes.
If you find any issues or would like to contribute improvements or additional materials, feel free to open a pull request or reach out via Issues.
📘 Your one-stop Economics repo featuring core textbooks 📚, lecture slides 🧠, real-world readings 📖, a digital economy project 🌐, and full course structure 📋—perfect for acing UE-171! 🚀