90-710 Applied Economic Analysis

12 units, Carnegie Mellon University

Microeconomics is the study of how individuals and firms make choices and how these choices interact in society. Economics shares with other behavioral sciences the general goal of explaining and predicting human behavior. The distinguishing feature of the economic approach is the emphasis on rational decision making under conditions of scarcity. Because of the central role of markets and the price system in describing the outcome of individual and firm decision-making microeconomics is sometimes called price theory. This course is an introduction to the basic concepts and tools of microeconomics. We study how markets work with an emphasis on analysis of the effects of public policy on the welfare of society. The course also provides a brief introduction to macroeconomics. ...Read More

Prerequisites: none listed

Offered: Fall 2026, Fall 2025

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