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Instructor Class Description

Time Schedule:

Haideh Salehi-Esfahani
ECON 200
Seattle Campus

Introduction to Microeconomics

Analysis of markets: consumer demand, production, exchange, the price system, resource allocation, government intervention. Recommended: MATH 111. Offered: AWSpS.

Class description

Economists in general agree with the following proposition: economics is not a field of study of something particular. Rather, it is a set of tools and concepts that can be applied to understand a great number of phenomena in the economic and social sphere. We use the tools of the science of economics to study why things are and how they change when a relevant factor or force -- that shapes the phenomenon under study--changes. As you read the assigned textbook for this course, you will find the application of a set of thinking tools to a great number of interesting and important issues. Many of these issues-- part of the conventional wisdom believed by many --are re-examined from an in-depth and insightful perspective. As the meaning and purpose of higher education goes, this should be truly a higher education experience!

Student learning goals

Understand and be able to use microeconomic terminology

Understand that the highest-valued alternative foregone is the opportunity cost of what is chosen

Understand how individuals and firms make themselves as well off as possible in a world of scarcity

Understand how prices inform the decisions about which goods and services to produce, how to produce them, and who gets them

Understand how government policies and different institutional arrangements affect the allocation of resources in a market economy

Students will able to use micro-economic principles to understand and explain economic events and other social phenomena.

General method of instruction

Recommended preparation

Class assignments and grading

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 Haideh Salehi-Esfahani
Date: 02/19/2009