University of Vermont

UVM Course Directory

EC 012 – Principles of Microeconomics

Credits: 3.00

Course Description: Study of individual economic units with particular emphasis on market interactions among firms and households.

Section Description: This is an introductory undergraduate course that teaches the fundamentals of microeconomics. We will begin with microeconomic concepts and analysis and simple graphical and mathematical models of supply and demand. Then we will work on individual decision making and the theory of firm behavior. Finally, we will demonstrate the efficiency of perfectly competitive markets, describe the conditions under which that efficiency arises, and examine market failures that occur when those conditions are not met.

CRN: 61260

Section: OL2

Enrolled/Seats: 21/25

Days Time Location

Instructor(s): Becka Brolinson

Meeting Dates: 02 Jul 2018 - 10 Aug 2018