ECON 220 Principles of Microeconomics

A study of the fundamentals of individual market behavior, emphasizing the use of demand and supply analysis. The focus is upon understanding the implications of actions taken by individual decision-makers, operating within various market structures, upon the allocation and use of resources, distribution of income, and ability of markets to meet the needs and desires of individuals. Special attention is given to understanding the impact of market outcomes upon social and individual justice, and upon the environment.