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Econ1-Fall2010-01-Intro-handout

Econ1-Fall2010-01-Intro-handout - CourseDescription...

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E i 1 Economics 1 Principles of Microeconomics 1 Administrative Issues & 1. Administrative Issues & Introduction Fall 2010 Herb Newhouse 1 Course Description This course begins by giving a brief overview of why individuals interact in market settings. We then discuss demand, supply and market equilibrium. We also examine how individuals make consumption choices, how firms behave under perfect competition and why perfectly competitive markets lead to efficient outcomes. Finally we discuss international trade and introduce market Finally, we discuss international trade and introduce market imperfections and monopoly. There are no prerequisites for the course. 2 Lectures A rough sketch of the lecture notes will be available in pdf format on WebCT the night before lecture. I will annotate the lecture notes in class I will annotate the lecture notes in class. The annotated notes are NOT available outside of class. I k i d i l ! I encourage you to ask questions during lecture! If you miss a lecture borrow someone’s notes. Th TA d I ill t h l fill i th t The TAs and I will not help you fill in the notes. After you’ve borrowed the notes from someone else we’re happy to answer questions. 3 Discussion Sections There are weekly discussion sections for this course.
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