ECON 2001.01: Principles of Microeconomics
Introduction to economic theory: supply and demand for goods, services, and factor inputs; market structure; international trade, the distribution of income.
Required Textbook: Microeconomics by R. Glenn Hubbard and Anthony Patrick O’Brien, 6th edition, 2017, Pearson
Supplementary Textbook: Principles of Microeconomics by N. Gregory Mankiw, 8th edition, 2017, Cengage
Learning Outcomes
This course fulfills the Expected Learning Outcomes for Social Science: Human, Natural and Economic Resources
- Students understand the theories and methods of social scientific inquiry as they apply to the study of the use and distribution of human, natural, and economic resources and decisions and policies concerning such resources.
- Students understand the political, economic, and social trade-offs reflected in individual decisions and societal policymaking and enforcement and their similarities and differences across contexts.
- Students comprehend and assess the physical, social, economic, and political sustainability of individual and societal decisions with respect to resource use.