EFN 105E - Principles of Microeconomics

Course Objectives

This course is designed to give students a thorough introduction to microeconomic theory

Course Description

Students are introduced to the foundational concepts used in economic theory such as opportunity costs and tradeoffs. Students then learn about the tools used in economic analysis such as the demand and supply curves, and how both sides of the market interact to determine equilibrium price. The students then learn how to apply these tools in the analysis of different types of markets, government regulations, international trade, income inequality and poverty.