1:00-2:15P   TR   WY 101
The ability to make good decisions is often what separates successful
people, organizations, and countries from their less prosperous peers.
Microeconomic theory attempts to build models of how these different
decision makers may frame their environments in order to make wise
choices. We'll look at basic questions like: How might parents decide to
divide their time between work and family? When would a company want to
hire full-time employees instead of temporary workers? What types of
compensation schemes encourage employees to work productively? Should we
be concerned that many industries, such as banking, are experiencing a
large number of mergers?

In order to answer these questions, we need a systematic way to look at
the decisions being made, and that is what microeconomic theory provides.
In this course, you will be introduced to some of the basic tools
economists use to analyze these questions. This instructor is especially
interested in connecting the course material to current real-world
happenings. In addition to standard classroom lectures and discussion,
students will be encouraged to explore interactive web sites designed to
expand their understanding of these topics.