“We develop an in-depth understanding of the assumptions, structure, uses, and limitations of the neoclassical economic model by exploring how it explains the allocation of goods and services in the marketplace, and market approaches to resource depletion and environmental pollution.” (Economics in Context BUEC 104)
We look at different ways to track cash flow in different markets, like public and privet. Also how our uses of different markets affect our environment and the relationship between supply and demand. We would also read from our textbook, and from there we would have class discussions on how we understand the author’s interpretation of economics.
Furthermore, we completed quizzes to make sure we understood what the different models look like. As well as writing an essay analyzing different economic activities.
