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100-Level Courses

ECON-100 Foundational Sem. Economics

Foundational Seminar in Economics

This course is designed to introduce new students in the Economics program (freshmen and external and internal transfers) to the application of economic analysis in academia, business, government and the not-for-profit sector. Students will be exposed to the research and consulting activities undertaken by academic economists and economic practitioners as well as a discussion of the career outcomes of the alumni of the RIT Economics program.  Class 0, Credit 0 (Fall)

ECON-101 Principles of Microeconomics

Principles of Microeconomics

Microeconomics studies the workings of individual markets.  That is, it examines the interaction of the demanders of goods and services with the suppliers of those goods and services.  It explores how the behavior of consumers (demanders), the behavior of producers (suppliers), and the level of market competition influence market outcomes.     Class 3, Credit 3 (Fall, Spring)

ECON-101H Honors Microeconomics

Honors Microeconomics

This course introduces students to some of the important questions addressed in Microeconomics and the methodology used to address these questions. We will look at some of the basic models of consumer and firm behavior and study how implications are derived from these. We will also see how some of these simple models give insight into diverse questions such as: Should food stamps be given away freely to those who are poor, or should they be required to purchase them? Why are general practitioners (as opposed to specialists) disproportionately located in smaller towns? Why do firms bundle goods rather than just selling them separately? As far as the final impact is concerned, is there a difference in whether a tax is imposed on the sellers of a product or on buyers of a product? Microeconomics gives the tools to understand and evaluate implications of government as well as business policy decisions. In addition, it provides the foundation for the study of many other sub-disciplines in economics. (Restricted to students in the honors program)  Class 3, Credit 3 (Fall)

ECON-102 Economics, Ethics & Society

Economics, Ethics & Society

This course introduces students to an historical overview of economic theories and policies with special emphasis on their ethical perspectives and implications. The course examines the main economic theories including, but not limited to, Classical Economics, Keynesian Macroeconomics, Austrian and Marxist Economics. The course will also examine the ethical aspects of Capitalism, Feudalism, Socialism and other economic forms. Class 3, Credit 3 (Spring)