ECN 101E - Principles of Microeconomics

Course Objectives

1) To identify key concepts in microeconomics.
2) To demonstrate how microeconomic models work.
3) To understand how consumers and firms make their decisions and how government intervenes with the
markets.
4) To motivate the use of economic concepts to analyze contemporary issues.

Course Description

The course introduces the following economic concepts: scarcity and choice; opportunity costs and trade
offs; markets and prices; supply and demand; productivity; efficiency; competition and market structure;
market failures; role of government; public goods; externalities.