Complete an intensive course, roughly equivalent to an introductory or principles level college course in microeconomic theory. Use microeconomics as a model to understand and analyze human behavior. Apply an analytical approach to the study of how individuals and societies deal with the fundamental problem of scarce resources. Understand how these principles affect individuals trying to maximize their utility, businesses trying to maximize their profits, and societies trying to manage resources. Analyze controversial issues such as minimum wage laws, farm subsidies, rent controls, protectionism, pollution, welfare programs, and the tradeoff occurring between equity and efficiency that result from various microeconomic policies.

Related Terms and Locations: 
Term 1 (June 9–29)
Duke University East, NC
Summer Studies Program: 
Center Math