Course Details

ECON 111: Principles of Microeconomics

This course gives the students a foundation in the general principles of economics as a basis for effective citizenship and, when combined with 110, as a preparation for all advanced study in economics. Topics include consumer choice theory; the formation of prices under competition, monopoly, and other market structures; the determination of wages, profits, and income from capital; the distribution of income; and an analysis of policy directed towards problems of public finance, pollution, natural resources, and public goods.
6 credits; SI, QRE; Offered Fall 2021, Winter 2022, Spring 2022; A. Swoboda, P. Seneviratne, J. Lafky, M. Hemesath, F. Bhuiyan