Billy Foster, PhD

Billy Foster

Clinical Assistant Professor of Economics at

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Quotations

The state — or, to make matters more concrete, the government — consists of a gang of men exactly like you and me. They have, taking one with another, no special talent for the business of government; they have only a talent for getting and holding office. Their principal device to that end is to search out groups who pant and pine for something they can’t get, and to promise to give it to them. Nine times out of ten that promise is worth nothing. The tenth time it is made good by looting ‘A’ to satisfy ‘B’. In other words, government is a broker in pillage, and every election is a sort of advanced auction on stolen goods. — Henry Louis Mencken, Prejudices, First Series (1919)

Principles of Microeconomics

Principles of Microeconomics
Course numbers:
UIC – ECON 120
NEIU – ECON 217

FULL SYLLABUS (.pdf)

“A planted seed has value long before it becomes a tree. The potential benefits are enough to give it value. Teaching is the planting of seeds. Knowledge, or even better, wisdom, is an investment like a tree that goes on and on producing fruit. But unlike a fruit tree, you have no idea when the fruit will come or what kind it will be.”

- Russell Roberts, The Price of Everything p. 168

INTRODUCTION

This course is an introduction to microeconomics. We will be looking at some general beliefs about how firms, individuals, and households respond to changes in incentives.

REQUIRED TEXT

Modern Principles: Microeconomics, First Edition
Tyler Cowen and Alex Tabarrok
Publisher: Worth
ISBN: 1-4292-4638-3

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