Hi everyone, welcome to the class ECON 201-Principle of
Microeconomics. We will have a semester to study, discuss, and
practice the microeconomics together. Hope you will enjoy this
time. Please check the syllabus for the detailed information about
this course.
This course focus on choices of individual economic decision-makers. Topics include scarcity; individual and household decision making; business decision making; specialization and trade; market equilibrium; elasticity; production and cost theory; market structures; factor markets; effects of taxes on individuals and businesses; international trade; income distribution and poverty; and market failure. The goal is to integrate these topics as much as possible. At the end of the semester, students will have a solid understanding of microeconomics and the markets.
This course focus on choices of individual economic decision-makers. Topics include scarcity; individual and household decision making; business decision making; specialization and trade; market equilibrium; elasticity; production and cost theory; market structures; factor markets; effects of taxes on individuals and businesses; international trade; income distribution and poverty; and market failure. The goal is to integrate these topics as much as possible. At the end of the semester, students will have a solid understanding of microeconomics and the markets.
- Teacher: Yue Yin