University of Arizona 3 credits Economics
This course explains how economists see the world. Students learn about basic concepts such as opportunity cost, marginal analysis, supply and demand, and some notions from game theory. We explore how individuals, households, businesses, governments, and societies deal with the fundamental problem of scarcity, and how people achieve gains-from-trade or handle conflict. Students will also be exposed to economy-wide statistics and models that help us understand business cycles.
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