ADEC 1101 Principles of Economics
This course analyzes prices, output, and income distribution through the interconnections between households and businesses in a Western economy. It studies economic agents, their behavior and interactions, and the outcome of these interactions taking into account government interventions. It analyzes national income and employment, economic fluctuations, monetary and fiscal policy, inflation, growth, interest rates and international aspects of macroeconomic policy such as the trade balance, exchange rates, and the purchasing power parity. The appropriate role of the monetary authority (Central Bank) and government intervention is also examined. Basic analytical tools are applied to current economic problems.
Course overview
- Department
- Advancing Studies
- School
- ADV
- Credits
- 4
- Level
- Undergraduate
- Offered
- Periodically in the Fall, Periodically in the Spring, Periodically in the Summer
Course evaluations
- Course rating
- 4.08 / 5 · Very Good
- Instructor rating
- 4.29 / 5 · Very Good
- Terms evaluated
- 5
| Term | Instructor | Course overall | Instructor overall | Well organized | Clear learning objectives | Intellectually challenging | Helpful assignments | Applicable beyond course | Attendance necessary | Weekly effort | Responses |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fall 2025 | Ricardo Lopez Rago | 3.9 | 4.1 | 4.5 | 4.5 | 4.7 | 4.7 | 4.6 | 4.2 | 4–6 hrs/week | 15 of 38 |
| Fall 2024 | Ricardo Lopez Rago | 4.4 | 4.6 | 5.0 | 4.8 | 4.6 | 5.0 | 5.0 | 5.0 | — | 5 of 18 |
| Fall 2023 | Ricardo Lopez Rago | — | — | — | — | — | — | — | — | — | 6 of 16 |
| Fall 2022 | Ricardo Lopez Rago | 3.9 | 3.9 | 4.4 | 4.5 | 4.1 | 4.0 | 4.4 | 4.3 | 4–6 hrs/week | 10 of 18 |
| Fall 2021 | Ricardo Lopez Rago | 5.0 | 5.0 | 5.0 | 5.0 | 4.0 | 4.0 | 4.0 | 4.0 | 1–3 hrs/week | 1 of 10 |