Introduction to the basic concepts of microeconomics and macroeconomics. Microeconomics component includes analysis of supply and demand, consumer and producer behavior, and competitive and noncompetitive market equilibria, with applications to current policy issues. Macroeconomics component provides an overview of the determination of national output, employment, interest rates, and inflation, and analyzes monetary fiscal policies and international trade. Designed for both non-majors and majors, and must be taken (at Rice University) by all ECON and MTEC majors.
This course is open to:
- Rice Students continuing their studies through the summer
- Visiting students who want to take challenging academics and transfer credits to their home institution
- High school students looking to earn college level degree credit