Prerequisites: ANTH 100, PLSC 102, PSYC 100, SOCL 101, WSGS 101, or equivalent; please check requirements for declared majors/minors for exceptions.
This course is an introduction to demand and supply, consumer choice, price analysis in alternative industrial organizations, and the distribution of income.
Outcomes: Students will be able to think critically about price formation in different market structures, and how prices, household incomes and income distribution in a diverse society are determined with interpretations based on the concepts of opportunity costs and decision making under uncertainty.
This course is an introduction to demand and supply, consumer choice, price analysis in alternative industrial organizations, and the distribution of income.
Outcomes: Students will be able to think critically about price formation in different market structures, and how prices, household incomes and income distribution in a diverse society are determined with interpretations based on the concepts of opportunity costs and decision making under uncertainty.