ECON1101

The first half of the course will focus on theories related to individual and firm decision-making. Core concepts like supply and demand, concepts of elasticity, consumer theory, theory of the firm, market structure, and pricing of factors of production will be covered. The latter half of the course will cover the theories related to the aggregate economy. Core concepts like measurement of economic performance such as national income, inflation, and unemployment, macroeconomic theories to understand business cycle fluctuations, and stabilization policies will be covered. [Note: no credit for students who have received cr for 1111 and 1112]

prereq: high school algebra or instr consent