Honors | Introduction to Microeconomics - Honors
S201 | 1723 | E. Rotella
Economics is the study of how individuals and societies make the
choices that are necessary because resources are scarce.
Microeconomics focuses on the choices made by individual consumers and
firms--choices about what to buy and sell and how to provide goods.
Economics is fundamentally a set of analytical skills, a way of
thinking systematically about problems. The goal of this course is to
learn how to "think like an economist" in order to be able to analyze
economic problems. Issues to be considered include: the implications
of tax policies and other government actions, the effects of
discrimination, the determinants of income distribution, the problems
of the American farmer, the role of monopoly power in the economy, and
the costs and benefits of foreign trade.