This first course in economics provides the fundamental tools for exploration of the field. Microeconomics considers the decisions of households and firms about what to consume and what to produce, and the efficiency and equity of market outcomes. Supply and demand analysis is developed and applied. Policy issues include price controls, competition and monopoly, income inequality, and the role of government in market economies.
Econ 101P is open to (but is not limited to) students who do not meet the QR prerequisites for ECON 101 and is also appropriate for students who, because of their previous preparation in economics and mathematics, would benefit from additional academic support for their study of introductory economics. Additional class meeting slots will emphasize fluency with mathematical tools needed for success in economics. Students are normally expected to enroll concurrently in ECON 251H.
Max Enrollment: 30
Prerequisites: None. Enrollment is by permission of the instructor. First generation students and students with QR scores below 10 will be sent an explicit invitation to join. Concurrent enrollment in ECON 251H is expected but is not a requirement.
Distribution Requirements: SBA - Social and Behavioral Analysis
Typical Periods Offered: Fall
Semesters Offered this Academic Year: Fall