Fundamentals of Microeconomics
Fundamentals of Microeconomics is an Economics course offered at Baltimore and Carlisle both sessions and Saratoga Springs for session 2. It's course code is MICO.
Course Description
The course's prerequisite is Algebra I. However, you can take the course if you are qualified for only Humanities courses as long as you have completed Algebra I.
In this course, students analyze microeconomic theory and consider it in the context of today’s economic climate. They begin by studying the fundamental concepts of supply and demand curves, price elasticities, market structure, public goods, and externalities. Students build on this foundation to explore topics from the broad range of microeconomics: competition, consumer choice, monopoly, oligopoly, and the role of government in promoting greater efficiency and equity.
By applying mathematical concepts and critical analysis to economic theory, students uncover how economists analyze and predict changes in the behavior of both consumers and producers. Students leave the course with a firm foundation in central topics in microeconomics and a better understanding of practical economic issues that affect us all.
