ECON 256 J - Principles of Microeconomics

4 Credit(s)

The course will survey the basic principles of microeconomics. Students learn 1) how the market system operates to determine prices, allocate resources into alternative productive uses and impact social welfare; 2) circumstances under which markets may fail to provide an optimal or efficient allocation of resources and the policy options for dealing with this failure. These economic principles will be applied to an analysis of various current social issues.

Prerequisite(s): None.