ECON 101. Principles of Economics I.
Introductory Courses
Section 300.
Prerequisites & Distribution: High school algebra and geometry. No credit granted to those who have completed or are enrolled in Econ. 400. (4). (SS). (QR/2).

Credits: (4; 3 in the half-term).
Course Homepage: https://coursetools.ummu.umich.edu/2002/winter/econ/101/300.nsf
Economics 101 examines the microeconomics of capitalism – the behavior of households and businesses and the generation of prices and outputs in markets. Specific topics in Economics 101 include: supply and demand; the differences between competition and monopoly; labor markets and discrimination; the distribution of incomes and poverty; environmental problems and policies; and government taxation and expenditure issues. Economics 101 is the first part of the two-term introduction to economics–the second part (Economics 102, for which Economics 101 is a prerequisite) examines macroeconomics.
Prerequisites for 101: high school algebra and geometry and a willingness to use them. The course format consists of large lectures taught by the professor and one small one-and-a-half-hour section meeting per week taught by a graduate student instructor.
ECON 101. Principles of Economics I.
Introductory Courses
Section 400 – EVENING EXAMS FOR LECTURE 100, 200 and 400: FEB 14 AND MAR 13, 8-10 PM.
Prerequisites & Distribution: High school algebra and geometry. No credit granted to those who have completed or are enrolled in Econ. 400. (4). (SS). (QR/2).

Credits: (4; 3 in the half-term).
Course Homepage: No homepage submitted.
Economics 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 Economics 101 include: supply and demand; the differences between competition and monopoly; environmental problems and policies; labor markets; and international trade. Economics 101 is the first part of the two-term introduction to economics – the second part (Economics 102, for which Economics 101 is a prerequisite) examines macroeconomics.
The course format consists of large lectures taught by the professor and one small one-and-a-half-hour section meeting per week taught by a graduate student instructor.
Texts:
- Taylor, Principles of Microeconomics
- Miller, Economics of Public Issues
ECON 108. Introductory Microeconomics Workshop.
Introductory Courses
Section 001.
Prerequisites & Distribution: First-year standing and concurrent enrollment in Economics 101. (1). (SS). Offered mandatory credit/no credit.
Credits: (1).
Course Homepage: No homepage submitted.
Students will meet weekly for one hour with a faculty member for discussion of current Wall Street Journal articles related to the week's class topics, stressing the use and application of the microeconomic tools being learned in Economics 101.
Students will select a topic, open the discussion on their week's topic, keep a journal throughout the term on their topic and summarize their findings at the end of the term in a brief (2 page max) paper. This paper, journal, and a copy of their favorite article on the topic will be turned in at the end of the term.
Workshop attendance is mandatory, and each student will be required to subscribe to the Wall Street Journal for the term. Evaluation of students will be entirely on the basis of their paper, journal, and attendance. Students not concurrently enrolled in Economics 101 will be dropped from the class.
There are openings in the course for seniors who are economics majors to serve as group leaders. Please contact Jan Gerson jgerson@umich.edu) if you are interested.

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