Unit: College of Arts and Sciences
Department: Department of Economics
Office location and address
Monroe Hall, Room 213
248 McCormick RdCharlottesville, Virginia 22904
Studies demand and supply, consumer behavior, the theory of business enterprise, the operation of competitive and monopolistic markets, and the forces determining income distribution. A full introduction to economic principles warrants completion of both ECON 2010 and 2020. Students planning to take both semesters of economic principles are advised to take ECON 2010 first, though this is not required. The department recommends ECON 2010 to students intending to take only one semester of principles.
Studies the theory of prices and markets; includes an analysis of the forces determining the allocation of economic resources in a market economy. Credit is not given for both ECON 3010 and 3110. Prerequisite: ECON 2010 and one of the following: MATH 1220, MATH 1320, APMA 1110.
The principles of microeconomics are used to examine decision making under uncertainty: finance, learning, savings, contracts, and oligopoly. Prerequisite: ECON 3010 or ECON 3110.
New course in the subject of economics.