Honors | Economics
S201 | 1686 | 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.