StudyPath

ECO 101 Principles of Economics I

100 levelSocial Sciences12 topics

ECO 101 covers 12 topics. StudyPath paces them into daily study sessions that finish before your exam date, with practice questions and worked answers for each one.

Study ECO 101 on StudyPath

Free for every student. No card.

Course outline

The topics this course covers, in teaching order.

  1. Nature and scope of economic science
  2. The basic problem of scarcity, choice and scale of preference
  3. Methodology of economics and major areas of specialization
  4. Historical development of economic thought (classical, neoclassical, utilitarian, welfare)
  5. Elementary principles of microeconomics
  6. Partial equilibrium analysis
  7. Theory of demand and supply and their laws
  8. Determinants and types of demand and supply
  9. Elasticity and its applications
  10. The firm and production functions (short and long run)
  11. Pricing of factors of production
  12. Market structures: perfect and imperfect competition

A sample from this course

One topic, as StudyPath teaches it.

Nature and scope of economic science

The nature and scope of economic science deal with what economics studies, how economists think, and the limits of the subject. For examinations, you must master the basic definitions of economics, the problem of scarcity and choice, the distinction between microeconomics and macroeconomics, and whether economics is a science, an art, or both.

What you get for ECO 101

Course outlinesBrowse the full catalogue by course code
›
About StudyPathWhat StudyPath is, and what it costs
›
Contact & supportQuestions, problems, anything at all
›