Jadrian Wooten
Economics Educator
Principles of Economics
(Micro) for Econ Majors
Virginia Tech
NEW STUDENTS
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What is Economics?
Economics is the study of decision-making under scarcity. We'll spend the semester focusing on the role of incentives in society and how they can lead to efficient social outcomes, but also be responsible for inefficiencies in society. A portion of this course will focus on the government's role in the marketplace and measuring its ability to improve or disrupt a market.
Some of My Favorite Quotes About Economics
ADAM SMITH
The Wealth of Nations
It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect our dinner, but from their regard to their own interest.
TYLER COWEN
Marginal Revolution University
Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life.
STEVEN LEVITT
Freakonomics
An incentive is a bullet, a key: an often tiny object with astonishing power to change a situation.
Meet Your Instructor
My name is Jadrian Wooten, and I'll be your instructor this semester for ECON 2005. I also serve as the Director of Undergraduate Studies for the Department of Economics. I have taught economics for over a decade, but this course is one of my absolute favorites. I'm excited to share how economics impacts all of our lives every day. Feel free to stop by during office hours if you have any questions about the course, your economics degree plan, or just about economics in general.
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You're also welcome to connect with me on any social media platform that I'm also on, but don't feel obligated to if you aren't comfortable sharing your personal life with me yet.
Course Material
The first two items listed below are digital platforms that will be required for the upcoming semester. You'll complete all of your assignments (including exams) on these platforms during the term on a laptop, cell phone, or tablet. When our Canvas course is ready, I'll provide details on paying and registering for the platforms. I recommend purchasing your access through the links I'll provide in Canvas since they are available at a much cheaper rate compared to the prices at the campus bookstore. Campus bookstores often charge 25% more than the price available from the links you'll be provided.
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I recommend picking up a QuickStudy card from Amazon before our first exam. It's a great resource to help with your assignments and exams. It's not required, so there's no rush to buy one at the start of the term. They are sold at the campus bookstore, but Amazon usually has the best price.
