ECO 102 - Introduction to Microeconomics

Economics is a social science that explores human behavior and social systems. Microeconomics studies how people make decisions in response to their incentives, along with the outcomes that result from individuals’ choices and the economic forces and institutions that influence them. It provides a framework for understanding how policy can change societal outcomes by altering incentives and therefore the choices that people make. Students will learn topics such as supply and demand, externalities, market power, consumer choice, firm behavior, inequality, the minimum wage, and other labor market issues. Students will explore a variety of perspectives by examining theoretical concepts, modeling economic relationships, and discussing real-world issues.

Prerequisite(s):
Co-requisite(s):
Credits: 3

Meets the Following Core Requirement: Quantitative Reasoning; Socio-cultural Analysis
Course Typically Offered: Fall, spring, and summer
Course Type: Economics