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Georgetown University

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Detailed Course Information

 

Fall 2017
Sep 21, 2017
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ECON 001 - Econ Principles Micro
This course first develops simple graphical and mathematical models of decision-making by individual economic agents: consumers, workers, and businesses. We analyze interactions between these agents in product and factor markets using concepts of market demand, supply, and equilibrium. Finally, we demonstrate the efficiency of perfectly competitive markets, describe the conditions under which that efficiency arises, and examine market failures that occur when those conditions are not met. 

3.000 Credit hours
3.000 Lecture hours
0.000 Lab hours

Levels: Undergraduate
Schedule Types: Lecture, Recitation

Economics Department

Course Attributes:
Mean Grade is Calculated

Mutual Exclusion:
This course carries a mutual exclusion with the following courses; you may not enroll in it if you have completed any of the following with a passing grade:
ECON 003

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