ECON 122 - Principles of Microeconomics

Institution:

Willamette University

Subject:

Description:

This course is a basic introduction to microeconomic analysis and its applications for public policy. Tools, concepts and models of economic analysis will be developed and applied to public policy issues. The course will explore the philosophy and values inherent in economic analysis and examine empirical methods to test the validity of economic models. Topics include: consumer and producer behavior, pricing and the forces of supply and demand, market allocation of scarce resources, the distribution of wealth and market failure. Mode of Inquiry: Understanding Society Offering: Every semester Instructor: Staff

Credits:

1.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.willamette.edu

Phone Number:

(503) 370-6300

Regional Accreditation:

Northwest Commission on Colleges and Universities

Calendar System:

Semester

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