Principles of Microeconomics

The social controversies of today - inflation, unemployment, 

health care, social security, budget deficits, 

discrimination, poverty and inequality, pollution, 

government regulation - are all rooted in the one challenge of using 

scarce resources efficiently.  This is the problem 

we are concerned with in this course: 

how can limited resources be used 

efficiently to maximize human needs?  

In the Principles of Microeconomics we will 

develop a methodology for analyzing the economic

 problem at the level of the individual consumer and firm.