Course Code: ECON 1000
Academic Year: 2024-2025
Students are introduced to the concepts and analytical tools of microeconomics to examine how society and individuals use limited resources to meet their needs. Students develop an understanding of current events in the context of microeconomic theories including supply, demand, prices, incomes, markets, competition and market structures. Students examine the concepts of market failure and market power and the need for government intervention to achieve social and political goals.