Economics 125 - Economics from the Ground Up

Institution:

Bard College

Subject:

Description:

Environmental Studies Microeconomics textbooks typically focus on markets involving exchanges of goods and money among millions of "agents," who areimplicitly assumed to obey established social conventions and governmental directives. This course develops economic principles through successive variations of a simple intuitive model. Following the standard conception of economics as the study of constrained choice, it explores the economizing behavior of a single individual who struggles to survive by employing available resources to produce food and shelter. The model then becomes more complex, introducing cooperation and exchange among persons and analyzing markets, prices, property rights, externalities, public goods, and the economic functions of government. Particular attention is paid to the nature and function of capital. Algebra and graphing are used extensively. This course is a suitable alternative to Economics 101, especially for students concentrating in environmental or political studies, human rights, and related fields. Prerequisite: Mathematics 110 or the equivalent.

Credits:

4.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.bard.edu

Phone Number:

(845) 758-6822

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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