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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
Schedule Types: Lecture, Recitation
Mean Grade is Calculated