Economics for Business EC4004 Lecture 1

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/

stephen.kinsella@ul.ie

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

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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