BSMS 120 Principles of Microeconomics
In this course we acquire some of the basic tools of economic analysis. We define economics, look at the problems of scarcity, choice, and costs. We learn how good decisions are made at the margin. We also look at the operation of our economy from the perspective of the individual consumer, worker, and firm. Of particular interest to us is the analysis of the important role that prices and markets play in directing and allocating scarce resources between and among these participants. Specifically, our study will cover important topics such as demand and supply, basic market structures, the operation of the price system and the distribution of income. Once these basic theoretical tools have been introduced, our attention will be directed to some applied areas of microeconomics such as international trade and poverty. Above all, it is hoped that the student will be better able to critically analyze economic issues and problems.
Scheduled: Regular intervals within BSMS cycle
PRQ: None
Meets: N
Attributes
- May be used for major requirement
Distribution
N