Jadrian Wooten
Economics Educator
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Principles of Economics
(Micro) for Econ Majors
Virginia Tech
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 Economics Department. I have taught economics for over a decade, but this course is one of my absolute favorite courses. I'm excited to share the ways that economics impacts all of our lives each 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 are digital platforms that will be required for the upcoming semester. You'll complete assignments (including exams) on these platforms throughout the semester. Because they are fully digital platforms, you'll be able to complete these assignments on a laptop, cell phone, or tablet. I highly recommend purchasing access to these platforms online as they are available at a much cheaper rate compared to the prices at the VT bookstore or local bookstores. The bookstores will charge you 25% more than the online price.
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The Microeconomics Study Card isn't required for our course but it makes a great resource that you can use on your homework and exams.
