Students study the foundation of the economic and business world. Students explore what is behind choices made by individuals as consumers, producers, employees, voters, husbands and wives, fathers and mothers, etc., learning how individuals allocate their resources across the choices they face. This leads to the basic models of demand and supply in the market, the primary focus of the course. We also study how alternative market institutions influence choices made and economic efficiency. International and environmental dimensions and consequences of choices are integrated throughout the course.
Triad: Social Science