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About ECON 1450 A

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

Notes

Open to Degree and PACE students

Section Description

This course is an introduction to microeconomics: how individuals, households, and firms make decisions and how those decisions interact in markets. Topics include opportunity cost, supply and demand, elasticity, consumer and producer behavior, market efficiency, market structures (monopoly, oligopoly, monopolistic competition), game theory, externalities, public goods, information asymmetries, and government interventions such as price controls, taxes, and trade policy.

Section Expectation

Students are expected to attend and participate in all lectures, complete assigned readings before class, and keep up with weekly homework.

Evaluation

Final grades will be based on homework assignments, additional short assignments (readings or in-class exercises), and three non-cumulative exams.

Important Dates

Courses may be cancelled due to low enrollment. Show your interest by enrolling.

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