Principles of Microeconomics

This course is a general introduction to microeconomics. It introduces microeconomic analysis of individual, firm, and industry choices in the market economy. Topics include marginal analysis, supply and demand analysis, market structures, factor markets, welfare analysis, market failure, and government intervention. Students learn the economic way of thinking and apply economic analysis to address problems in current economy and under public policies. This course helps to be critical thinkers who can understand, analyze, and evaluate economic issues. Students will also learn how to clearly and effectively express their perspectives and present their arguments through written, oral, and visual communications.