ECO-112 Microeconomics
Microeconomics focuses on the actions of individual households and businesses and attempts to explain how their interaction impacts the economy. Students will examine individual consumer behavior to determine how individual and business decisions are made under various market structures. In particular, this course will explore issues related to elasticity, poverty and inequality, costs, and profit maximization in competition and in the monopoly setting, as well as issues of globalization. Students will consider these topics through a lens of ethics and social responsibility.
Advisory: It is advisable that students have 3 credits of college-level mathematics.