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AP/ECON 1000

Introduction to Microeconomics

3.0 credits

Fall 2026

Topics

  • Scarcity, opportunity cost and gains from trade
  • Supply, demand and elasticity
  • Firm costs, profits and market power
  • Government policy and market failures
  • Externalities, public goods and income inequality

Readings

  • Required: A. Cohen and S. Wolla, Microeconomics for Life: Smart Choices for You, 3rd ed. (Pearson, 2025).
Sources