HUL 211
Introduction to Economics
Course coordinator:
Ankush Agrawal and Reetika Khera
, Lecture 1: About this course
• Syllabus
• Grading
• Tutorials
, What is economics?
• “limited means and unlimited ends” – how
can we use best them - “efficiency”
• Branches – micro, macro, welfare&public,
trade, money/finance, dev
• What to produce, how to produce and for
whom to produce?
, Adam Smith
• Self-interested actions of individuals could be
beneficial to society
• Proponent of markets, and the wonders of the
invisible hand
“coordination among all of these actors might
spontaneously arise, without any person or
institution consciously attempting to create or
maintain it”
Introduction to Economics
Course coordinator:
Ankush Agrawal and Reetika Khera
, Lecture 1: About this course
• Syllabus
• Grading
• Tutorials
, What is economics?
• “limited means and unlimited ends” – how
can we use best them - “efficiency”
• Branches – micro, macro, welfare&public,
trade, money/finance, dev
• What to produce, how to produce and for
whom to produce?
, Adam Smith
• Self-interested actions of individuals could be
beneficial to society
• Proponent of markets, and the wonders of the
invisible hand
“coordination among all of these actors might
spontaneously arise, without any person or
institution consciously attempting to create or
maintain it”
