Building off ten key principles of economics (Principle # 4: People respond to incentives), students will delve into the market forces of supply and demand, elasticity, government intervention, and study a variety of market models from competitive to monopolistic. The course will also ask students to critically explore: costs of production, equilibrium in the labor market, earnings and discrimination, and income inequality. A big fundamental question to this course as well as the Macroeconomics elective will be: What is growth and how is it measured? Students will be asked to consider their own personal values as a consumer, as well as those behind the businesses they purchase goods and services from. Discussion and structured debates will be the primary format for this class.

Cross-listed with History. This course is open to juniors and seniors or by departmental approval.