Jun Ishii (Sections 01 and 02) Steven G. Rivkin (Sections 01, 02, 03, 04, 05 and 06) Geoffrey R. Woglom (Section 06) A. Erinc Yeldan (Sections 04 and 05)
A study of the central problem of scarcity and of the ways in which the U.S. economic system allocates scarce resources among competing ends and apportions the goods produced among people. Requisite for all other courses in economics. Each section limited to 25 Amherst College students. Three hours of lecture and one hour of discussion per week. First semester: Professors Ishii, Rivkin (Course Chair), Woglom, and Yeldan. One lecture and three hours of discussion per week. Second semester: Professors Barbezat (Course Chair), Ishii, Kingston, and Rivkin.