ECON 2000 Chapter : Belandsyllabus D ECN2000
Document Summary
This course provides an introduction to the theory and practice of contemporary microeconomics. The primary focus of this course is on how individuals and societies deal with the fundamental economic problem of scarcity. The course begins with a discussion of the methodology of economics. This is followed by a discussion of several basic tools and concepts including: demand and supply analysis, the production possibilities frontier, marginal analysis, and the concept of opportunity cost. We will also study different market structures: perfect competition, monopoly, Each of these introductory concepts are used to help illuminate the discussion of contemporary policy issues (e. g. , the minimum wage, farm subsidies, and the economics of crime). The role of government in correcting for alternative types of market failure is also examined. Textbook: principles of microeconomics, n. gregory mankiw, 7th edition. The grades will be based on two midterm exams and a comprehensive final exam.
