Introduction to Microeconomics (202-0-40)
Instructors
Scott Richard Ogawa
Meeting Info
Harris Hall 107: Tues, Thurs 12:30PM - 1:50PM
Overview of class
This is an introductory course that covers the fundamentals of microeconomics. We will study the behaviour of individuals and firms in a world of limited resources, and the interactions between the two in many different markets. With an emphasis on economic principles, students will be introduced to core terminology and modes of analysis for studying the production and distribution of goods and services in the economy. An overarching goal is to gain insight into how, when, and why markets fail or succeed. Specific topics include supply and demand, market equilibrium, elasticity, costs of production, different degrees of competition (including perfect competition and monopoly), and government interventions (price controls, taxes). You will get started thinking about the three fundamental questions in economics: (i) what goods and services should be produced?, (ii) how do we produce those goods and services?, and (iii) who gets those goods and services? This course is aimed at potential economics majors and students who are curious about having a better understanding of the popular press, or analyzing and comparing different government policies.
Registration Requirements
Basic algebra and graphing. Instructor Note: You should be well acquainted with and have confidence applying high-school algebra tools (graphs, equations, tables, inequalities, roots and exponents).
Learning Objectives
The goal of this course is to give the students an introduction into the tools and skills that economists use, as well as an understanding of economic concepts related to: (i) Consumer behavior; (ii) Firm behavior; (ii) Government interventions
Teaching Method
A typical week features 2 80-minute lectures + discussion section
Evaluation Method
Final Exam, and 2 midterm exams
Class Materials (Required)
NONE
Class Materials (Suggested)
NONE
Class Attributes
Social and Behavioral Science Foundational Discipl
Social & Behavioral Sciences Distro Area
Enrollment Requirements
Enrollment Requirements: Students who have taken or are taking ECON 310-1 or MMSS 211-1 are not allowed to enroll in this course.
Associated Classes
DIS - Locy Hall 214: Mon 10:00AM - 10:50AM
DIS - Technological Institute M128: Mon 5:00PM - 5:50PM
DIS - Technological Institute M177: Mon 6:00PM - 6:50PM
DIS - Technological Institute M128: Mon 7:00PM - 7:50PM
DIS - Technological Institute M128: Mon 6:00PM - 6:50PM
DIS - Harris Hall L06: Mon 7:00PM - 7:50PM