ECON 110 - Introductory Economics

Unit(s): 4

Economists employ simplified models to dissect and analyze the multifaceted phenomena that shape our daily experiences. This course serves as a comprehensive introduction to a diverse array of economic principles, theories, and analytical methodologies, spanning both microeconomics and macroeconomics. Microeconomics: Delve into the decision-making processes of firms and consumers within market frameworks. Explore the dynamics of supply and demand, elasticity, tax implications, government regulatory influences on market operations, externalities, and the subtle intricacies of market structures such as perfect competition and monopoly. Macroeconomics: Shift focus to the comprehensive examination of economies as interconnected systems. Engage with the measurement and interpretation of pivotal metrics including Gross Domestic Product (GDP), unemployment rates, inflation rates, interest rates, and the enduring trajectory of long-term economic growth.

College of Arts & Sciences