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ECON 101-01, Microeconomics, Fall 2009
Estelle, Sarah M.
Estelle, Sarah M.
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Syllabus, Curriculum, Academic departments, Text, Economics, Department of, 2009 Fall
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Abstract
Welcome to ECON 101, the microeconomics portion of the introductory economics series at Rhodes.
More importantly this is your opportunity to develop an “apparatus of the mind” with far‐reaching
applications that span time, culture, religion, and wealth. What intrigues you? What concerns you?
Even more, what baffles you? Your answers to these questions will determine the specific relevance
of the “economic way of thinking” to your life.
Economics can be successfully employed by anyone. Like other social scientists, economists aim to
explain human behavior but within a unique framework using special tools. In this course you will
start building an economist’s toolkit that will allow you to study homo economicus (economic man),
rightly understood. Specific topics of this course include demand for goods and services, production
and supply of the same, trade, market failures, and resource allocation.As an introductory class, the objectives of this course are primarily:
(1) To instruct students in a basic cognitive background of economic analysis including
terminology and methods, particularly the economic way of thinking.
(2) To nurture an understanding of economic principles and theories among students that
illuminates economics’ interrelation with and applicability to other disciplines and, even, one’s
daily life.
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This syllabus was submitted to the Rhodes College Office of Academic Affairs by the course instructor.