MMGT 101 Foundations of Economic Thought: Part 1
This course introduces students to the economic way of thinking. The course begins with a survey of big ideas in economics, and then moves into a fast-paced sequence on comparative advantage, supply and demand, the price system, taxes and subsidies, and international trade. The course then moves to cover principles of firms and labor markets, especially profit maximization, competition, monopoly, oligopoly, price discrimination, labor supply and wages. Before concluding, the course introduces students to externalities and social costs, problems of asymmetric information, and classic public goods dilemmas.
Cross Listed Courses
ECON 102, ECON 104, SRES 101, SRES 101H, SRES 101P, MMGT 101
Prerequisite
Open to undergraduate students at the Tucson campus