ECON 201 - Introduction to Economic Analysis

This course will introduce students to the analytical approaches and tools of the economics discipline, and how these are used to examine current issues and problems that arise in the functioning of economic systems. Microeconomic theories of consumption, production, and exchange provide much of the analytical framework that will be utilized, although we will also explore some relevant applications to the macroeconomy. A central feature of this course is the examination of markets and how they determine what is produced and how it is allocated. We also devote some attention to evaluating market outcomes, to thinking about remedies to resource allocation problems that markets cannot solve, and to thinking about the factors that determine long-run productive capacity and income potential.

Unit(s): 1
Group Distribution Requirement(s): Distribution Group II
Instructional Method: Lecture-conference
Grading Mode: Letter grading (A-F)
Group Distribution Learning Outcome(s):

Evaluate data and/or sources;
Analyze institutions, formations, languages, structures, or processes, whether social, political, religious, economic, cultural, intellectual or other;
Think in sophisticated ways about causation, social and/or historical change, human cognition, or the relationship between individuals and society, or engage with social, political, religious or economic theory in other areas.