Principles of Economics: Microeconomics
The course will provide a solid introduction to microeconomic theory and logic.
What you can learn.
- Learn how markets determine prices, wages, and production levels
- Explore techniques of optimization for profit-maximizing firms in a variety of market structures
- Learn to analyze the possible outcomes of government regulation on markets
- Discover the logic and methodology economists use to understand human behavior
About this course:An introduction to the principles of economic analysis, economic institutions, and issues of economic policy, this course emphasizes allocation of resources and distribution of income through the price system. Instruction covers the behavior of firms and individuals and their interactions in the marketplace, gains from trade, and the determination of prices. Different market structures are examined, including perfect and imperfect competition and monopoly. Issues addressed include: Do markets allocate resources efficiently? Under what conditions is government intervention justified and what are the potential benefits? Basic concepts and analytical tools studied are applied to current events and policy issues whenever possible. Transferable for UC credit.
Summer 2021 Schedule
Midterm and final exams are proctored online; additional requirements include microphone, headphones/speakers, and webcam. Enrollment limited to 25 students. Visitors not permitted. Enrollment deadline June 25, 2021. Internet access required. Materials required.