Economics: Principles of Microeconomics

Study of individual economic units with particular emphasis on market interactions among firms and households.

Degree students only even after level restrictions lifted; CDE students enroll in EC 012 ZRA; Total combined enrollment: 170

This course is an introductory survey of microeconomics. 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. Learning Objectives: At the conclusion of the course, the student should be able to: o Solve basic problems relating to supply & demand, consumer theory, production, public goods and externalities. o Analyze market dynamics using economic terms, ideas and models and drawing and manipulating appropriate diagrams.

Required materials for this course are: textbook to be determined.

Grades are based on attendance, online homework assignments, two midterm exams, and a final exam.