Resource Economics 102 - Intro Resource Econ

Principles of microeconomic theory for majors and non-majors. Concepts of supply, demand, markets, economic welfare and policies. Applications to resource management in business and government context emphasized. (Gen.Ed. SB)

Open to first year Investigating Consumerism RAP students in Thoreau. Students in Investigating Consumerism RAP in Thoreau Hall will enroll together in "Introduction to Resource Economics" (Resource Economics 102). In this course we will explore the fundamental theories of microeconomics, which will help you understand how consumers and firms make decisions; learn about how these decisions are made within a market framework; explore what happens when economic markets fail; and gain the necessary skills to have a deeper understanding of how economics impacts and plays a role in your everyday life. NOTE: Although there is no restriction on this course, it is recommended that students score at least a 16 on Part A of the Math Placement Test.

See https://www.umass.edu/rap/investigating-consumerism-rap