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ECON 10B Introductory Microeconomics

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    • Profile picture
    Jan 06, 2017
    | Would highly recommend.

    Not too easy. Not too difficult.

    Course Overview:

    I would recommend this course because the course allows you to learn a lot about real life economy. How it applies to every individual and how to budget as well. We learned that some of the items sold are the same, but they are different brands. The more popular a brand is the higher the price. After this class I pay more attention to the contents of the product and the price instead of buying a product just because it is a good brand.

    Course highlights:

    The highlights of this course were to learn about the supply and demand forces and how these forces affect everyone. We learned how supply and demand are used by companies in order to determine if they offer a good product and or service. I learned that when the supply is high and the demand is low prices go down. I also learned that when there is a scarce good or service and the demand is high the vendor can really take advantage of the consumer by raising their prices and obtaining higher profits. In this situation it can be tough for low income and middle class families as there are times when they can't afford products and or services they need.

    Hours per week:

    6-8 hours

    Advice for students:

    I would advise the students to really apply the learning material to every day life. It is much easier when you can compare to what you go through or have gone through.

    • Fall 2016
    • Risso
    • Yes
    • Background Knowledge Expected Great Intro to the Subject Great Discussions

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