Honors | Introduction to Microeconomics - Honors (ECON)
S201 | 15754 | Elyce 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 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.