Principles of Microeconomics

What you will learn

• General economics and microeconomics terminology, concepts, and theories
• Graphs and equations to analyze general economic and microeconomic problems
• Logical economic reasoning to analyze real-world situations and events

Course Description

This is an introductory economics course that examines how scarce resources are allocated through market mechanisms. Students are trained to think like economists and analyze markets and other economic phenomenon with economic models. The focus of this course is on how economic agents (e.g. households and firms) behave individually and how they interact with each other. Topics include supply and demand analysis; theory of consumer demand; theory of the firm; market structures and imperfections; government involvement and public policy analysis; and exploration of international trade. Mathematical skills beyond simple algebra and graphical analysis are not required in this course.

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