lec1 - 2010-03-02 Economics 201: Intermediate...

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2010-03-02 1 Econ 201 Intermediate Microeconomics Professor Professor Beomsoo Beomsoo Kim Kim Spring 2010 Korea University Economics 201: Intermediate Microeconomics Study of single markets Model decision making Individuals (as consumers or suppliers) Firms Everyday Application to News Items Does Microsoft act as a monopolist? What is the effect of raising the minimum wage? Shall we increase the tobacco tax? Should banks be able to charge fees for ATMs? Recent Microeconomics Do gun control laws reduce violent crime? Does teen drinking affect educational attainment? Do divorce law change the way people marry? Do vouchers improve school quality? Do income(education) improve health of individual? Economics The Study of how people and societies deal with scarcity Microeconomics Focusing on the economic behavior of individual decision-making units, such as households and firms, and how these decisions fit together Microeconomics What to produce?
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lec1 - 2010-03-02 Economics 201: Intermediate...

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