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B BUS 220: Principles of Microeconomics |
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Catalog description: Analysis of markets: consumer demand, production, exchange, the price system, resource allocation, government intervention. Offered: jointly with BIS 200;
The following additional information can differ from one course to another, based on instructor’s choice:
What we cover: This course provides an introductory look at the behavior of economic agents in the marketplace. It studies how the individual choices of consumers and firms determine demand and supply and how the intervention of the government affects the way markets allocate resources. Students will analyze what happens to market performance when there is imperfect competition among firms. Other topics covered include efficiency and exchange, market failure, games and strategic behavior. The course is taught through a combination of lectures, discussions, experiments and homework, and examinations.
Course Objectives: This course will provide students with an understanding of the fundamentals of microeconomics. Learning objectives include understanding the demand and supply diagram, the meaning of equilibrium, price theory under different market structures, consumer and producer surplus, welfare effects of taxation and externalities, public goods and strategic behavior. |
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Click on this link to access to all course descriptions and schedules: |
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