Introductory Microeconomic Analysis and Policy
Penn State University

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What is Economics?

Economics is the study of decision-making under scarcity. We'll spend the semester focusing on the role of incentives in society and how that can lead to efficient social outcomes, but also be responsible for inefficiencies in society. Because this is also a policy course, we will spend a section of each week focused on the government's role in the marketplace and measuring its ability to improve or disrupt a market.

My Favorite Quotes

ADAM SMITH
The Wealth of Nations

It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect our dinner, but from their regard to their own interest.

TYLER COWEN
Marginal Revolution University

Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life.

STEVEN LEVITT
Freakonomics

An incentive is a bullet, a key: an often tiny object with astonishing power to change a situation.

Meet The Team

INSTRUCTOR

Dr. Jadrian Wooten

I'll be your instructor this semester. Feel free to stop by during office hours if you ever have any questions about the course.

The best ice cream flavor is mint chip.

GUIDED STUDY GROUP LEADER
Abby Han

Abby is studying biology, math, and business and her favorite Creamery ice cream flavor is Monkey Business. She will review practice problems with you each week throughout the semester during her GSG sessions.