Description
This course provides an in-depth exploration of the foundational principles of microeconomics analysis, focusing on the behavior of individual consumers and firms, market dynamics, and the strategic interactions that shape economic outcomes. Business honors students will delve into the core concepts of supply and demand, production costs, allocation of resources, organized labor and collective bargaining, distribution of income, and market structures, including imperfect competition and monopoly power.
Through graphical and algebraic methods, students will analyze how changes in market conditions, such as prices, competition, and policy interventions, affect economic variables like equilibrium price, quantity, and profit. The course also examines the broader implications of economic behavior on income distribution, international trade, and overall economic welfare.
By the end of this course, the students will be equipped to critically assess economic problems, apply microeconomic insights to current policy debates, and present well-reasoned arguments from multiple perspectives.
Through graphical and algebraic methods, students will analyze how changes in market conditions, such as prices, competition, and policy interventions, affect economic variables like equilibrium price, quantity, and profit. The course also examines the broader implications of economic behavior on income distribution, international trade, and overall economic welfare.
By the end of this course, the students will be equipped to critically assess economic problems, apply microeconomic insights to current policy debates, and present well-reasoned arguments from multiple perspectives.
Instruction Modes
In-Person On-Campus
Grade Modes
Pass/Fail (P), Standard (S)
Department(s)
College/School
School of Business
Start Term
Fall 2026 Semester
Instructional Methods
Business Honors (BHN), Honors (HN), Lecture (LC)
Course Attributes
Liberal Arts (LA), Self & Society (GESS)