ECON 120 Principles of Economics I introduces students to the primary economic principles, including macro and microeconomics, in a concise, straightforward examination of theoretical material and the applications of these principles to real-world contexts. Through this course, students also learn about economics as a social science and its historical roots, emphasizing the works of prominent figures in the founding of modern economics. Other topics covered in this course include the principles of scarcity and tradeoffs, supply and demand, productivity and costs, profit maximization, money creation, and incentives.