ECON 101: Principles of Microeconomics

Spring 2025 · UW–Madison

Microeconomics examines how people and firms make choices when resources are limited. These notes connect market models with incentives, welfare, and policy questions.

Topics

• Opportunity cost, trade, supply and demand
• Consumer choice and production costs
• Competition, monopoly, and strategic behavior
• Externalities, public goods, inequality, and information

Notes

• Lectures
• Discussion exercises
• Homework
• Readings
• Exam preparation
• Course details and source notes