Economics

EC104

Introduction to Microeconomics

Prof. Lynda Vargha

This is an accelerated introductory course in microeconomics, the branch of economics that studies how households and firms make decisions and how they interact in markets. We will cover topics such as supply and demand analysis, consumer choice models, government intervention in markets, market outcomes under perfect competition, monopoly and oligopoly, market failure, and game theory. Students will also investigate several of the traditional applied fields of microeconomics, such as public economics, environmental economics, industrial organization, and international trade.  It will include more technical analysis of economic models and place an emphasis on writing. Economics 104H is well-suited for students with good analytical and mathematical skills and a strong interest in economics.  While no prior economics background is required, this course will move at a faster pace than non-honors sections of EC104.