Su2011Song102_H7

Su2011Song102_H7 - Introduction to Microeconomics Summer...

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Unformatted text preview: Introduction to Microeconomics Summer 2011 (220:102:H7) Course Info Time: Tue/Thur 6:00pm - 9:55pm Location: Campbell Hall-A2, New Brunswick Instructor : Myung Joo Song (Email: [email protected]) Office hours : 12:00pm-2:00pm on Thursdays or by appointment * Final exam is August 16 2011, in the usual classroom.* Course Description In Introduction to Microeconomics 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 fail- ure. Students will also 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 com- parative 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....
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Su2011Song102_H7 - Introduction to Microeconomics Summer...

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