ECON 101 examines the microeconomics of capitalism — the behavior of households and businesses, the generation of prices and outputs in markets, and applications to public policy. Specific topics in ECON 101 include: supply and demand; the differences between competition and monopoly; environmental problems and policies; labor markets; and international trade. ECON 101 is the first part of the two-term introduction to economics — the second part (ECON 102, for which ECON 101 is a prerequisite) examines macroeconomics.
Prerequisites for ECON 101: high school algebra and geometry and a willingness to use them.
Midterm exams for this class are given in the evening (outside regular class time) from 8-10 PM on Mon Oct 11, Mon Nov 8, and Mon Dec 13.