Introduction to Microeconomics (202-0-20)
Instructors
Sara Hernandez-Saborit
Meeting Info
Tech Institute Lecture Room 3: Tues, Thurs 12:30PM - 1:50PM
Location of Midterm TBD: Thurs 6:30PM - 8:30PM
Location of Midterm TBD: Thurs 6:30PM - 8:30PM
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
"Lecture: Two/week
Discussion section: One/week
Other (see below):
A typical week features 2 80-minute lectures + discussion section"
Evaluation Method
"2 mid-term exams: they will happen the evening and will show up on CAESAR as 2 additional meeting patterns
Final exam
Problem sets
Quizzes"
Class Materials (Required)
NONE
Class Materials (Suggested)
NONE
Class Notes
"The 2 midterms will happen in the evening and will show up on CAESAR as 2 additional meeting patterns.
Midterm #1: Week 5, Thursday (May 1st, 2025 from 6.30 pm to 8.30 pm)
Midterm #2: Week 9, Thursday (May 29th, 2025 from 6.30 pm to 8.30 pm)
I please ask that pairs of consecutive DS take place in the same room (so 9.00 am and 10.00 am are in the same classroom)"
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 318: Fri 9:00AM - 9:50AM
DIS - Locy Hall 318: Fri 10:00AM - 10:50AM
DIS - Annenberg Hall G01: Fri 9:00AM - 9:50AM
DIS - Annenberg Hall G01: Fri 10:00AM - 10:50AM
DIS - Technological Institute MG28: Fri 9:00AM - 9:50AM
DIS - Technological Institute MG28: Fri 10:00AM - 10:50AM