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Economics tutor

Thinking Like an Economist

The habits the rest of the course rests on: costs measured as forgone alternatives, decisions made at the margin, models and graphs as tools, and the reason trade makes both sides better off. Topics: Scarcity, Trade-offs, and Incentives, Models and Graphs, Comparative Advantage and Trade.

How Markets Work

The supply-and-demand model end to end: what moves each curve, how equilibrium responds, how responsive quantities are to price, and what happens when government sets a price or levies a tax. Topics: Demand, Supply, Market Equilibrium and Change, Elasticity, Price Controls, Taxes, and Subsidies.

Markets and Welfare

Measuring whether a market outcome is good: surplus as the yardstick, the loss taxes create, and who gains and loses when a country opens to trade. Topics: Surplus and Efficiency, The Costs of Taxation, International Trade.

The Public Sector

Where private markets fail and what government can do: spillover costs and benefits, goods nobody can be excluded from, and the design of a tax system, including the market for healthcare. Topics: Externalities, Public Goods and Common Resources, Tax Design and Healthcare Markets.

Firm Behavior and Market Structure

What lies behind the supply curve and what happens when sellers have market power: costs of production, the competitive firm, monopoly, differentiated products, and strategic rivalry. Topics: The Costs of Production, Firms in Competitive Markets, Monopoly, Monopolistic Competition, Oligopoly and Game Theory.

Labor Markets and the Distribution of Income

How wages get set and why they differ, and how economists measure and argue about inequality and poverty. Topics: Markets for Factors of Production, Earnings and Discrimination, Inequality and Poverty.

Deeper Microeconomics

The formal theory behind the demand curve, and the frontier topics where the standard model needs help: hidden information, psychology, and politics. Topics: The Theory of Consumer Choice, Information, Behavior, and Politics.

Measuring the Macroeconomy

The three headline numbers and what they actually count: output, the price level, and the labor market. Topics: Gross Domestic Product, Measuring the Cost of Living, Measuring Unemployment.

The Real Economy in the Long Run

What determines living standards over decades: productivity and growth, the market that channels saving into investment, the basic tools of finance, and why some unemployment persists even in good times. Topics: Productivity and Growth, Saving, Investment, and Loanable Funds, The Basic Tools of Finance, Why Unemployment Persists.

Money and Prices in the Long Run

What money is, how banks and the central bank create and steer it, and why sustained inflation is a monetary phenomenon. Topics: The Monetary System, Money Growth and Inflation.

The Open Economy

Adding the rest of the world: trade and capital flows as two sides of one identity, exchange rates, and how domestic policy plays out when money can cross borders. Topics: Open-Economy Basics, The Open-Economy Model.

Short-Run Fluctuations and Stabilization

Why output and employment swing around their long-run path, what monetary and fiscal policy can do about it, and the inflation-unemployment trade-off that constrains both. Topics: Aggregate Demand and Aggregate Supply, Monetary and Fiscal Policy, Inflation and Unemployment.

Policy Debates and Working with Evidence

Where economists genuinely disagree and how to argue a side well, plus the data literacy needed to check an economic claim before believing it. Topics: Standing Policy Debates, Reading Economic Evidence.