Principles of Microeconomics

ECO 1001

This course provides an analysis of the structure and functioning of modern economic institutions, with particular emphasis on the market. This course analyzes economic decision-making by individuals, the firm, and governments; it also describes and evaluates alternative market structures. Subjects include gains from exchange; economic efficiency; the theory of consumer choice; supply, demand, and the determination of prices and output levels; production decisions and profit maximization; and market structures and government regulation.