Fundamentals of Microeconomics

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Fundamentals of Microeconomics
Economics Course
Course CodeMICO
Year Opened2011
Sites OfferedCAR, JHU, LOS, SAR, SUN
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Course Description

The course's prerequisite is Algebra I. However, you can take the course if you are qualified for only Humanities courses as long as you have completed Algebra I.

In this course, students analyze microeconomic theory and consider it in the context of today’s economic climate. They begin by studying the fundamental concepts of supply and demand curves, price elasticities, market structure, public goods, and externalities. Students build on this foundation to explore topics from the broad range of microeconomics: competition, consumer choice, monopoly, oligopoly, and the role of government in promoting greater efficiency and equity.

By applying mathematical concepts and critical analysis to economic theory, students uncover how economists analyze and predict changes in the behavior of both consumers and producers. Students leave the course with a firm foundation in central topics in microeconomics and a better understanding of practical economic issues that affect us all.

Course History

SAR 16.2

As the first year of Microeconomics at Skidmore, it was a great time with the best instructor TA duo ever, Irakli and Yolanda, respectively. They also made time fun. Wether it was asking Ryan "What is elasticity" or looking at all the "furry little Capitalist kittens". To using snakes Geoff and Adrienne as a Supply and Demand graphs and figuring it auctioning on E-bay a great joy was had by everyone there. :) - Luke