Introduction to Microeconomics

Catalog description

Should a manufacturer produce automobiles or ventilators? Should a local government intervene when sugar cane farmers in an area burn stalks to expose cane and the smoke results in a costly rise in asthma treatment among children in a state-run Medicaid program? In this course you will sharpen your ability to understand choices you or others face in a range of personal, professional and public contexts as you are introduced to the framework economists use to compare alternatives faced by individuals, businesses and governments. Governments uniquely make rules. Governments also impose taxes offer incentives and make choices to redistribute wealth, protect, regulate hiring and conditions of work, internet service and air quality. It may surprise you to learn how microeconomic tools introduced in this course can be applied in such diverse contexts to measure and compare relative costs and benefits. View Sample Syllabus