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. Students who have AP or IB credit in economics, and who elect ECON 101, forfeit the AP or IB credit. ECON 101P is an alternative course open to students who have not fulfilled the Quantitative Reasoning (QR) component of the Quantitative Reasoning & Data Literacy requirement.

Units: 1

Max Enrollment: 30

Prerequisites: Fulfillment of the Quantitative Reasoning (QR) component of the Quantitative Reasoning & Data Literacy requirement.

Distribution Requirements: SBA - Social and Behavioral Analysis

Typical Periods Offered: Spring; Fall

Semesters Offered this Academic Year: Fall; Spring

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