This course will help you gain insight and understanding into events that are constantly going on around you. You will learn how to think like an economist by analyzing everything critically, comparing costs and benefits, even in issues normally considered outside the scope of economics. You will use economic reasoning to decide whether you will read your book of economics, whether you will attend class, whom you will marry, and what kind of work you will likely go into after you graduate. The skill you will need to start thinking like an economist will be acquired from topics covered, such as opportunity cost, scarcity and choices, demand, supply, production and costs, the market system, elasticity, market structures, etc. Three class hours. (SUNY-SS)
Prerequisite: Intermediate Algebra or MTH 104.
Course Offered Fall and Spring
Service Project (ECO 111-CC1):
The goals of the project are two-fold: help the community lose weight by choosing nutritional foods and the students apply the concept of non-price demand determinants in the real world which they have studied in principles of microeconomics. The Nutritional Environment Measurement System (NEM-S), developed by University of Rochester doctors, is the research tool the students would use to collect information about different foods in area markets. (10 hours) S-11