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.
Course Requirements:
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Intended Audience:
Prerequisites for ECON 101: high school algebra and geometry and a willingness to use them.
Class Format:
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