In 2019-20 this course fulfills a single unit in each of the following BU Hub areas: Social Inquiry I, Ethical Reasoning, Critical Thinking. Students registering for EC101 AA lecture must register for an A0-A9 discussion section only. Students registering for EC101 BB lecture must register for a B0-B9 discussion section only.

Undergraduate Prerequisites: CAS EC 101, CAS EC 102, CAS MA 225, as well as CAS EC 221. - A mathematically rigorous approach to intermediate macroeconomic theory. Effective Fall 2023, this course fulfills a single unit in each of the following BU Hub areas: Quantitative Reasoning I, Social Inquiry II, Critical Thinking.

The Economics major introductory sequence is comprised of 2 courses, EC 101 Introductory Microeconomic Analysis and EC 102 Introductory Macroeconomic Analysis. These large lecture courses (225–280 students) meet for 3 hours per week with a faculty member, plus a 1-hour weekly discussion section, which is led by a teaching assistant.

Economic analysis tries to explain economic phenomena in a coherent way, by tracing them back to two basic elements: economic decisions and economic institutions. An economic decision-maker may be a person, a family, a firm, or a government acting on behalf of the public.

Coverage includes the economics of households, business firms, and markets; consumer behavior and the demand for commodities; production, costs, and the supply of commodities; price determination; competition and monopoly; efficiency of resource allocation; governmental regulation; income distribution; and poverty.

Economic analysis tries to explain economic phenomena in a coherent way, by tracing them back to two basic elements: economic decisions and economic institutions. An economic decision-maker may be a person, a family, a firm, or a government acting on behalf of the public.

It explains the determinations of costs, output, strategic pricing, and governance by firms under conditions of perfect and imperfect competition in a global economy. In addition, it describes the supply demand for factors of production and the impact of taxes and government regulation and intervention on firms and consumers.

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