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Instructor Class Description

Time Schedule:

Aditi Mitra
B CUSP 200
Bothell Campus

Introduction to Microeconomics

Analysis of markets: consumer demand, production, exchange, the price system, resource allocation, government intervention. Recommended: B CUSP 123. Offered: AWSp.

Class description

BCUSP 200 is the introductory course in “microeconomic” theory. The objective is to learn how to analyze changes in the behavior of individuals and firms in response to changes in the constraints they face. This course will stress on the applications of elementary economic theory to real world issues and problems. The course is largely devoid of algebraic derivations, but analytical reasoning based on fundamental principles is emphasized throughout. This is a scientific course: we will be concerned with explanations of real world events. These explanations are always based on a few fundamental postulates of behavior and technology

Student learning goals

Understand and be able to use microeconomic terminology

Understand the role of opportunity cost in decision-making

Understand the role of prices, government policies and market structure in resource allocation in the economy

Use microeconomic principles to understand and explain economic events and other social phenomena

Appreciate the usefulness of economic reasoning in personal decision-making

General method of instruction

Via power point presentations supplemented with numerical examples and graphs.

Recommended preparation

Class assignments and grading

Multiple choice quizzes, essay style midterm and final exam.

The information above is intended to be helpful in choosing courses. Because the instructor may further develop his/her plans for this course, its characteristics are subject to change without notice. In most cases, the official course syllabus will be distributed on the first day of class.
Last Update by Aditi Mitra
Date: 06/19/2013