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

  • Founded by inventor, industrialist and philanthropist Peter Cooper in 1859, The Cooper Union for the Advancement of Science and Art offers education in art, architecture and engineering, as well as courses in the humanities and social sciences.

  • “My feelings, my desires, my hopes, embrace humanity throughout the world,” Peter Cooper proclaimed in a speech in 1853. He looked forward to a time when, “knowledge shall cover the earth as waters cover the great deep.”

  • From its beginnings, Cooper Union was a unique institution, dedicated to founder Peter Cooper's proposition that education is the key not only to personal prosperity but to civic virtue and harmony.

  • Peter Cooper wanted his graduates to acquire the technical mastery and entrepreneurial skills, enrich their intellects and spark their creativity, and develop a sense of social justice that would translate into action.