Microeconomics
Microeconomics is primarily the study of the determinants of prices and the distribution of income. The focus is on studying the strategic behavior of individual business firms, workers and consumers in dynamic interaction with the institutions that shape and constrain this behavior, while also being subject to change themselves through legal and political action. We will look at how certain aggregate patterns ‘emerge’ from the complicated interaction of interests while studying how societies can structure production and distribution systems toward specific goals.
3 credits
Course Code: SS 334