10:30 AM to 11:45 AM TR
Enterprise Hall 80
Section Information for Fall 2016
At the end of this course, students should understand the basic principles of economics as a social science and such concepts as opportunity cost, scarcity, comparative advantage, markets and the laws of supply and demand, specialization and the division of labor, trade, and self-interest. Attention is given to the behavior of consumers who maximize utility subject to an income constraint and firms which maximize profits subject to market structures.
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Credits: 3
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