Introduction to Microeconomics
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Division: The New School for Public Engagement
School: School of Undergraduate Studies
Department: Social Sciences
Course Number: NECO 2004
Course Format: Lecture
Permission Required: No
This course introduces the principles of microeconomics and shows how microeconomic analysis and techniques can be employed in problem solving. We begin with the basics of supply (firms) and demand (consumers) and examine the logic of consumers' choices and firms' decisions regarding output and pricing policies. We next study market structures, technological innovations, market failures, and public policies. Finally, we analyze labor markets, income distribution, and poverty. Throughout, we discuss case studies, such as the Microsoft antitrust case, deregulation of the telecom industry, and the debate about the effects of raising the national minimum wage.