Meets the following requirements: HS   

Economics addresses the problem of scarcity.  How does a society use its limited resources in the face of apparently unlimited human wants?  This introductory course emphasizes the application of fundamental economic concepts to policy analysis.  Topics include cost theory, marginal analysis, externalities, and the provision of public goods.  These concepts can be applied to a very wide range of issues, from optimal use of natural resources, to problems of developing countries, to why many people do not vote; applications within the course focus on environmental, growth, and sustainability issues, along with other areas of student interest.  Normative issues such as economic efficiency and equity are also addressed.

Level: Introductory.  Lab fee: $7.  *HS*