University Of New South Wales

Microeconomics 1

ECON 1101

Iowa State Course Substitution

Principles of Microeconomics

ECON 101

Course Info
International Credits:
6.0
Converted Credits:
4.0
Semester:
Fall, Spring
Country:
Australia
Language:
English
Course Description:
In order to understand the workings of markets and the economy, one has to take on an 'economic mindset'. This introductory course covers the fundamental principles that economists use to understand and analyse economic behaviour. Understanding these basic principles equips students for further studies in economics and business. Topics and issues covered in this course include how individuals or firms make decisions about the demand or supply of a particular product, how we can judge the relative efficiency of different types of markets, how we explain why governments may need to intervene in a particular type of market while not in others, and how different government policies are more efficient than others.

Review

Evaluation Date:
October 14, 2013
Evaluated:
Ebby Luvaga
Comments: