The Basic Core
Observing and Explaining the Economy
The Supply and Demand Model
Using the Supply and Demand Model
The Competitive Equilibrium Model
Market Equilibrium and Efficiency
Firms and Industries Changing Over Time
Cost and Changes at Firms Over Time
The Rise and Fall of Industries
Deviations from Competition
Monopoly and Market Power
Between Monopoly and Competition
Antitrust Policy and Regulation
The Labor Supply and Demand Model
Labor Model Cont. – Min. Wage and Discrimination
Key Economic Policy Issues
Taxes, Transfers and Income Distribution
Public Goods and Externalities
Government Failure and Success
Financial and Capital Markets
Markets for Physical Capital
Financial Markets: Risk and Return
Macro Facts and Measures
Getting Started with Macroeconomic Ideas
Measuring Production, Income and Spending of Nations
Long Run Macro
Determining Consumption, Investment and Govt. Shares
Employment and Unemployment
Productivity, Economic Growth and Determining Factors
A Look at Money, Inflation and the Fed
Short Run Macro
Introduction to Economic Fluctuations
Economic Fluctuations Model
Using the ADIA Model
Macro Policy Issues
Intro to Macroeconomic Policy
Monetary Policy Analysis
International Economic Issues
Gains from Trade
International Trade Policy – Tariffs and Quotas
Frequently Asked Questions
Do I need to buy a textbook?
No. All required course materials will be provided through the online platform. The textbook Principles of Economics, Seventh Edition, by John B. Taylor and Akila Weerapana, may be used as a study resource, but is not required. Used books, earlier editions, rentals, or e-books versions of this book are options to keep the cost down.
Will I receive Stanford credit for this course?
No. For those interested in a for-credit, Stanford Summer Session course covering similar
material, see Econ 1V.
Can I receive a statement of accomplishment for this course?
Yes. If you receive a 50% or better you will receive a Statement of Accomplishment. If you receive a 75% or better you will receive a Statement of Accomplishment with Distinction. You must complete this requirement by Sept. 4, 2015. No matter which option you choose, getting through the requirement is a major accomplishment!
John B. Taylor
John B. Taylor is the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University. He was previously the director of the Stanford Institute for Economic Policy Research and was founding director of Stanford's Introductory Economics Center. He has a long and distinguished record of public service. Among other roles, he served as a member of the President’s Council of Economic Advisors from 1989 to 1991 and as Under Secretary of the Treasury for International Affairs from 2001 to 2005.
Blake Barton (Head TA)
Blake is a PhD student in Economics, and has two years experience as a Teaching Assistant for Introductory Economics at Stanford.
Hoan is a PhD student in Economics, and has two years experience as a Teaching Assistant for Introductory Economics at Stanford.
Tram is a PhD student in Economics, and has one year experience as a Teaching Assistant for Introductory Economics at Stanford.