This course introduces fundamental microeconomic concepts and analysis, This includes supply and demand; theories of the firm and consumer choice; and competition, monopoly, and imperfect competition. Throughout the semester, the course will stress applications of elementary economic theory to real-world issues and problems. We will address a number of policy questions including environmental regulation, price regulation, and redistributive spending and taxation.
Course Requirements:
Midterm exams will be in-person and administered in the evening.
Intended Audience:
Everyone! Specifically, ECON 101 and 102 are required as prerequisites to an Economics major and to upper-level courses in Economics. ECON 101 is the first in the sequence (Econ 102 being the second). There are no prerequisites for this course. That said, algebra and basic geometry skills will be utilized on a regular basis, and are assumed knowledge for the course.
Class Format:
Each week there will be three hours of in-person lecture by the professor and a one and a half hour in-person discussion section led by a graduate student instructor.