ESP Biography
KELSEY CHAN, ESP Teacher
Major: Not available. College/Employer: MIT Year of Graduation: 2018 |
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Brief Biographical Sketch:
Not Available. Past Classes(Clicking a class title will bring you to the course's section of the corresponding course catalog)X9505: Intro to Economics in HSSP Summer 2015 (Jul. 12, 2015)
Why are Apple products so expensive? What are the effects of monopolies in the real world? How do companies determine how much of their good to produce? Why does the price of gas fluctuate so frequently? What is unemployment, and why is it important? How does an increase in minimum wage affect the economy?
Come learn the answers to these questions in this introductory economics course! We will begin with basic microeconomics concepts and then branch off into basic macroeconomic concepts. We will read articles, listen to podcasts, and watch videos that will give you a better understanding of how the concepts covered are applied in real life.
Some specific topics we will cover include:
- Opportunity cost
- Accounting versus economic profit
- Supply and demand
- Elasticity
- Gross domestic product
- Money, stocks, and bonds
- Inflation
- Banks and the creation of money
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