economics for business ec4004 lecture 1
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EC4004 Economics for Business Lecture 1
Dr. Stephen Kinsella
Don’t Switch
Phones off, Please
Weeks 1-6 Microecomics
Weeks 7-13 Macroecomics
Week 6 Online Exam
Week 11 Online Exam
Week 14 FinalExam
Weeks 3–13 Tutorials
€43
Grading
Exam 1
Exam II
Exam
10%
10%80%
W. 6
W. 11
SULIS
Contact
www.stephenkinsella.net/
086 399 83 06
Lecture Notes/Slides/Podcasts/Handouts/etc
stephenkinsella.net
Yo wat cum up n exm tnx
Dear Stephen,I’m emailing you
because...Kind Regards,
John Smith
Email if you don’t want to be a volunteer
086 399 83 06
Outline
Microeconomics
“Study of Individual Choice”
IndividualChoice
Consumption & Saving
Budgeting
Interesting Question:
“What’s the wage premium on being really, really good
looking?”
12%
What does that mean?
Average guy: €2m over 40
years
Good looking guy: €4.6m over
40 years!
CHING!
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Systems Perspective
Macroeconomics
Employment
Welfare
Stability
“Who Cares?”
You Do.
Development
Globalisation
Growth
Technology
Exchange Rates
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Thanks.
Next time: Read Chapter 1 of the textbook.
EC4004 Economics for Business Lecture 1
Dr. Stephen Kinsella