Principles of Economics Microeconomics

This course offers an introduction to the market system emphasizing economic interactions among individuals business firms and government. Topics include supply and demand economic decision making social efficiency perfect and imperfect competition labor markets capital markets and market failures. Issues such as the environment taxation and income distribution are addressed. This course is equivalent to the first half of http//www.summer.harvard.edu/academics/courses/ECON/10abECON S-10ab.