Economics 201 is an intermediate level economics course that is part of the core economic theory course sequence for economics majors at Duke. It is a rigorous development of the foundational concepts in microeconomics and is broadly accessible to economics and non-economics majors alike. While it emphasizes intuitive and graphical modeling techniques, it also introduces students to some underlying math in preparation for future course work in economics. Our goal here is threefold: First, to continue to develop a way of thinking that underlies all economic analysis – a way of thinking that is independent of math skills and broadly applicable to many facets of life in business, politics as well as personal decision making. Second, we are building a foundation for those of you who choose to go on in economics to enable you to use intermediate-level microeconomic tools in future courses. And third, as part of this building process, we begin to give you a sense of the types of math tools that lie beneath the graphical models typically presented in an intermediate microeconomics course as well as the underlying mathematical optimization approach that you will see use in future courses.
In this course, students watch video modules prior to each class meeting (the first of which is posted above) in preparation for building on this material with additional material and applications in class. The full set of pre-class video modules is available in playlists on YouTube (click the button below).