DLynx at Rhodes College > Academic Affairs, Office of > Commerce
and Business > Economics Syllabi until Spring, 2011 > Please use
this identifier to cite or link to this item: |Title: ||ECON
101-01, Introduction to Economics, Fall 2004| |Authors:
||McMahon, Marshall| |Date Issued: ||21-Feb-2008| |Series/Report
no.: ||Syllabi CRN| |Abstract: ||Economics 101, the first of two
semesters of economic principles, is an in-depth introduction to
microeconomic theory and its applications. The second semester,
Economics 102, introduces the student to macroeconomic theory
and policy. Microeconomics is the study of the behavior of
individuals in their roles as consumers, workers, producers,
employers, and so on—in what Alfred Marshall called “the
ordinary business of life.” For households, ordinary business
includes making decisions about what goods and services to buy
and in what amounts, how much of our income to give to others,
and how many hours of work to offer. For firms, ordinary
business includes decisions about