ECO 241 Microeconomic Analysis

ECO 241-01 Microeconomic Analysis

Course Description
A great many problems in economics concern the way in which people and firms change their spending and production in response to changes in prices, incomes, government policies, or other economic variables. The purpose of this course is to teach students the most common tools of microeconomic analysis, and the most important assumptions and implications of microeconomic theory. Topics to be covered will include utility theory, firm theory, market theory, and if time permits, general equilibrium. By the end of the term, students will have a practical toolkit of economic models that they can put to use when studying these sorts of problems in elective courses and in their senior theses.

Economics 241 is a required course for the economics major, and is a prerequisite for many of the 300 level courses in Economics and for senior thesis. It is best to take Economics 241 by the end of your sophomore year, and it is mandatory that you take it before starting your thesis.

Prerequisites
The prerequisites for Eco 241 are Eco 101 and any of: Math 101, 110, 113 or equivalent AP credit.

Requirements
Economics 241-01 is scheduled to meet Tuesdays and Thursdays from 10:55 am – 12:40 pm. The course will require in-class quizzes, weekly problem sets, a midterm exam, and a final exam.

ECO 241-02 Microeconomic Analysis

Course Description
A great many problems in economics concern the way in which people and firms change their spending and production in response to changes in prices, incomes, government policies, or other economic variables. The purpose of this course is to teach students the most common tools of microeconomic analysis, and the most important assumptions and implications of microeconomic theory. Topics to be covered will include utility theory, firm theory, market theory, and if time permits, general equilibrium. By the end of the term, students will have a practical toolkit of economic models that they can put to use when studying these sorts of problems in elective courses and in their senior theses.

Economics 241 is a required course for the economics major, and is a prerequisite for many of the 300 level courses in Economics and for senior thesis. It is best to take Economics 241 by the end of your sophomore year, and it is mandatory that you take it before starting your thesis.

Prerequisites
The prerequisites for Eco 241 are Eco 101 and any of: Math 101, 110, 113 or equivalent AP credit.

Requirements
Economics 241-02 is scheduled to meet Tuesdays and Thursdays from 1:55 pm – 3:40 pm. The course will require in-class quizzes, weekly problem sets, a midterm exam, and a final exam.