The primary objective of the course is to encourage students to think like economists by linking the operation of real economies to the basic concepts and tools of economics. The course focuses on the importance and function of the market mechanism in modern capitalist economies. The chapters of the course are summarized in two sections. The first section analyzes the law of supply and demand and its practical implications for public intervention and social welfare. The second section presents the limits to markets, as well as the debates on the possible remedies for market failures.
1. Mankiw G.N. & Taylor M.P. (2018), Economics, 1st Volume: Microeconomics, Athens: Tziola Publ., 4th English Edition (in Greek).
2. Αcemoglu D., Laibson D. & List J.A. (2015), Microeconomics, Athens: Kritiki Publ. (in Greek).
3. Heilbroner, R. (2000): The Worldly Philosophers, Athens: Kritiki Publ. (in Greek).