It looks at how individuals and also groups like corporations and governments make decisions about how resources are used. Issues covered remain current but may include the environment, income distribution, education, race, gender, trade, growth and unemployment. Principles of Microeconomics. The study of how individuals and firms make choices within the institution of free-market capitalism. Individuals decide how much of their time to spend working and what to buy with the earnings of their labors.
Firms decide how much to produce and in some cases what price to charge for their goods.
Together these choices determine what is produced, how it is produced and for whom it is produced in our economic system. Principles of Macroeconomics. This course extends the study of consumer and producer choices to discover how they affect the nation's economy. Macroeconomics deals with the economy as a whole measured by the key variables of inflation, unemployment, and economic growth. Intermediate Microeconomic Analysis.