Introduction to Microeconomics
This five-week, in-person summer course is open to pre-college students attending the commuting or residential High School Summer Scholars Program.
Introductory microeconomics examines the behaviors of individuals and firms as they make decisions. Beginning with the foundations — the principles of economics, supply, demand, and the determination of prices and market equilibria — we'll progress to study how consumers make choices, how firms operate and compete ("the theory of production"), and how different market structures function. Other topics, such as externalities, taxes, international trade policies, welfare analysis, inequality, and other social issues, will be covered as time allows.
Prerequisites: None.
