You will also need to purchase the workbook for this class that is available in the Economics Department office. There is no need to buy the study guide that is available at the bookstore . The purpose of this course is to introduce you to the tools and theories used by economists. The tools and theories that economists develop are useful for analyzing events that affect people.
Microeconomic theory focuses on how individuals behave as consumers and firms.
This course is also designed to help you learn how this theory can be applied to various situations in a market-based economy. Some of the ideas will be stressed at particular points during the semester, others will be covered throughout the whole semester. The following are five broad learning goals that you should achieve by the end of the semester. You should understand what economists study. You should understand how economists study and explain decision-making.