Taught in Spring, Summer, and Fall
Course Description
Theory and policy of human responses to scarcity; how this affects business competition, international trade, industrial organization, investment, and income distribution.
Learning Objectives
- Learn the basic terminology of microeconomics.
- Apply the concepts of choice and opportunity cost to basic situations involving scarcity and clearly identify feasible choices.
- Understand how markets operate and be able to identify welfare outcomes for consumers and firms.
- Understand how different market structures, firm technologies and economic and social policies affect market equilibrium and welfare outcomes.
Disability Statement
Students with Disabilities: Reasonable accommodations are available for students with a documented disability. If you have a disability and may need accommodations to fully participate in this class, please visit the Disability Resource Center (DRC). All accommodations MUST be approved through the DRC (Admin Annex Bldg, Room 205). Please stop by or call 509-335-3417 to make an appointment with a disability specialist.