1) Introduction: Principles of economics, interdependence and benefits of economic exchange;
2) The functioning of markets: demand and supply, elasticity, economic policies;
3) Markets and welfare: Consumers, producers, market efficiency and market failures, the costs of taxation, international trade;
4) The economics of the public sector: externalities and public goods;
5) Firm behavior and industrial organization: the costs of production, competitive markets, monopolies, monopolistic competition and oligopolies;
6) Macroeconomic data: national income and the cost of living;
7) The long run: production and growth, unemployment;
8) The workings of the financial system: savins, investments and the financial system, financial instruments, the monetary system
9) Inequality
10) Taxation
11) Topic to be selected