51³ÉÈËÁÔÆæ

Course Description

Summary

An introduction to economics as a social science for students with essentially no background in economics, this course provides an overview of the tools that Neoclassical economists use to investigate the behavior of individual consumers and business firms in markets. The course starts with examining consumer choice, production decisions, and income distribution. We then turn to an overview of the economic landscape we have built. Along the way, we seek to examine what is at stake in our choice of economic explanations by discussing various critiques and extensions of basic microeconomic theory.