Study of individual economic units with particular emphasis on market interactions among firms and households.
Degree students only even after level restrictions removed; CDE students enroll in EC 012 ZRB; Total combined enrollment: 170
EC012 will provide you with a survey of microeconomics - individuals making decisions under constraints. We will cover the core supply and demand model, explore the demand and supply sides of the market in depth by studying consumer choice and the behavior of the ﬁrm under different market structures, and finally examine the role of government policy. The focus of the class is on using basic principles to solve problems and to understand real-world phenomena. There are four main goals: 1. To define and apply foundational economic terms. 2. To solve basic problems relating to supply and demand, consumer theory, and proﬁt maximization (under perfect competition, monopolistic competition, and monopolies) 3. To analyze market dynamics using equations and/or by drawing and manipulating appropriate diagrams. 4. To use economic terms and principles to explain real-world market dynamics A fifth, bonus, goal is for you to come away with an appreciation of how interesting and useful economics can be!
This course is remote, and it will involve both asynchronous /and/ mandatory synchronous components. It will be primarily lecture-based, but there will be ample opportunities for in-class participation such as responding to prompts and working on practice problems.
Grades are based on reading responses, class participation, weekly homeworks, a set of unit exams, and a final exam
Remote (View Campus Map)
to on Tuesday and Thursday
Note: These dates may change before registration begins.
Note: These dates may not be accurate for select courses during the Summer Session.
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