An introduction to the modes of thought of economics. Use of simple standard tools of economics to analyze important problems that arise frequently in public policy, the news media, and in daily life. An emphasis on how economists predict what choices societies make and how economists analyze whether those are good choices. Practical application of a variety of economic tools leading to a focus on the essential unity underlying these analytical tools, viewing economics as a discipline that applies a core methodology in different ways in different situations.

Course Offerings:
    Fall 2020Instructor: Peter Murrell
    Fall 2019Instructor: Peter Murrell
    Fall 2018Instructor: Unlisted/TBD
    Fall 2018Instructor: Peter Murrell
    Spring 2018Instructor: Peter Murrell
    Fall 2017Instructor: Peter Murrell
    Summer 2017 IIInstructor: Unlisted/TBD
    Spring 2017Instructor: Peter Murrell
    Fall 2016Instructor: Peter Murrell
    Summer 2016 IIInstructor: Unlisted/TBD

An introduction to the modes of thought of economics. Use of simple standard tools of economics to analyze important problems that arise frequently in public policy, the news media, and in daily life. An emphasis on how economists predict what choices societies make and how economists analyze whether those are good choices. Practical application of a variety of economic tools leading to a focus on the essential unity underlying these analytical tools, viewing economics as a discipline that applies a core methodology in different ways in different situations.

Course Offerings:
    Fall 2020Instructor: Peter Murrell
    Fall 2019Instructor: Peter Murrell
    Fall 2018Instructor: Unlisted/TBD
    Fall 2018Instructor: Peter Murrell
    Spring 2018Instructor: Peter Murrell
    Fall 2017Instructor: Peter Murrell
    Summer 2017 IIInstructor: Unlisted/TBD
    Spring 2017Instructor: Peter Murrell
    Fall 2016Instructor: Peter Murrell
    Summer 2016 IIInstructor: Unlisted/TBD

Decision making is a process in which we select a course of action among available options. It begins when we need to do something but we do not know what. First, we embark on a journey into a land of rationality to study the normative approach. Since our ability to think and knowledge are limited and time is pressing, it is not surprising that some behavioral biases will observed in decision making processes. Of course, this will require adjusting our normative theories to capture these biases. This will be the second purpose of this course.

Course Offerings:
    Fall 2018Instructor: Yusufcan MasatliogluView: Syllabus