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. Two 80-minute and one 50-minute lecture/discussion per week.
Requisite for all other courses in Economics.
Fall and spring semesters: 25 students per discussion section. The Department.
If Overenrolled: Drop students who do not attend the first two classes and admit students from a waiting list.