Baruch College (Spring 2015)

ECO 1001: Principles of Microeconomics

Tuesday and Thursday, 4:10 PM – 5:25 PM

Location: B-Vert 7-150

Pre-Requisite: Pre-Calculus

Pre/Co-requisite: Calculus

This is an introductory undergraduate course examining the fundamentals of microeconomics.  In general, economics is the study of decision-making under scarcity and economists study this decision-making behavior in a variety of settings.  How are wages that employers pay to workers determined?  How do parents make decisions on the number of children to bear?  Why do some people choose to not purchase health insurance?  Economists offer insight on these issues and many others using several analytical tools taught in this course.  While macroeconomics focuses on economic behavior in the aggregate (e.g., national output, interest rates, and inflation), microeconomics examines the behavior of individual economic units (e.g., consumers, workers, and firms).  In this course we will cover topics of supply and demand, consumer behavior, producer behavior, the effects of government policy, and analyze several different market structures.