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Institution:
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Wellesley College
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Subject:
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Description:
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This first course in economics introduces students to the market system. Microeconomics considers the deci-sions of households and firms about what to consume and what to produce, and the efficiency and equity of market outcomes. Supply and demand analysis is developed and applied. Policy issues include price floors and ceilings, competition and monopoly, income distribution, and the role of government in a market economy. Prerequisite: Open to first-year students only. Fulfillment of the basic skills component of the Quantitative Reasoning requirement. Distribution: Social and Behavioral Analysis Semester: N/O Unit: 1.0
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Credits:
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10.00
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Credit Hours:
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Prerequisites:
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Corequisites:
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Exclusions:
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Level:
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Instructional Type:
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Lecture
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Notes:
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Additional Information:
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Historical Version(s):
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Institution Website:
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Phone Number:
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(781) 283-1000
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Regional Accreditation:
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New England Association of Schools and Colleges
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Calendar System:
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Semester
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