Su2011Nguyen102_H1

Su2011Nguyen102_H1 - Rutgers University Department of...

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Rutgers University Department of Economics Introduction to Microeconomics Summer 2011 220: 102 Section H1 10:15 a.m. -12:05 p.m. on Monday through Thursday From 07/11/2011 to 08/17/2011 Murray Hall, Room 213, CAC INSTRUCTOR Name : Nga Nguyen Office : New Jersey Hall, Room 102 Email : nganguyen@econ.rutgers.edu Office Hours : Tuesday and Thursday from 9:10 to 10::10 am or by Appointment COURSE LEARNING OUTCOMES Students will learn the meaning and relevance of basic economic concepts including opportunity costs, positive and normative economics, scarcity, tradeoffs, comparative advantage, marginal analysis, efficiency and equity, and market failure. Specifically, students will learn: 1. Basic economic concepts including opportunity costs, scarcity, positive and normative economics 2. How to analyze production possibilities of firms and countries, the sources of their comparative advantages, and gains from trade 3. How to use the supply and demand model to understand how markets work. 4. How elasticity is calculated and its relevance to understanding markets. 5. How to analyze consumer behavior with respect to decisions about consumption, savings and employment. 6. How to analyze decisions firms make about pricing, output, employment and investment. 7. How to analyze the behavior of firms in alternative market structures including perfect competition, monopoly, monopolistic competition and oligopoly. 8.
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Su2011Nguyen102_H1 - Rutgers University Department of...

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