A study of the central problem of scarcity and of the ways in which the U.S. economic system allocates scarce resources among competing ends and apportions the goods produced among people. Two 80-minute and one 50-minute lecture/discussion per week.
Requisite for all other courses in Economics.
Fall and spring semesters. The Department.
How to handle overenrollment: Drop students who do not attend the first two classes and admit students from a waiting list.
Students who enroll in this course will likely encounter and be expected to engage in the following intellectual skills, modes of learning, and assessment: Quantitative reasoning; Modes of learning and assessment include readings, lectures, problem sets, in-class quizzes, exams, short paper, graphical analysis, group discussion.