Principles of Microeconomics

3 credits


College of Arts and Science, College of Business

A broad survey of microeconomics, from the basic market model and its many applications to market failures and policy responses. Topics include potential trade offs between efficiency and equity in competition and trade policy; determinants of wage differentials, poverty and inequality; and evaluation of the benefits and costs of government interventions in markets. Not open to students who have completed ECONOM 1000, ECONOM 1024 or ECONOM 1051.