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Prerequisites:This course is suitable for an undergraduate student who has completed at least two semesters of college-level coursework. Successful completion of ENG 101 or equivalent, and 3 credit hours above the 100-level (introductory) in the mathematical, physical, and life sciences, social sciences, arts, or the humanities recommended; or instructor permission.
DESCRIPTION
Economics is the study of the allocation of scarce resources. This course provides students with a rigorous grounding in the core concepts and methods of microeconomics, which examines the decision-making of people in their everyday lives. It looks at when voluntary interactions between individuals promote the common good, when they do not, and what policy can do about it. Standard microeconomic tools such as constrained choice are taught by showing how they give insight into real-world problems.