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Sep 16, 2024
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2024-2025 Academic Catalog
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ECON 1002 - Principles of Microeconomics
Credits: 3
Study of the optimization under scarcity and determination of price and quantity in product, resource and financial markets. Topics discussed include consumer and producer theory, demand and supply elasticities, competition and monopoly, how the structure of competition impacts producer and consumer decisions as well as the wellbeing of society, also functional and individual income distribution, poverty and government intervention in markets.
Prerequisite: Eligibility for ENG 1010
Prerequisite/Corequisite: none
Corequisite: none
General Education Code: Social and Behavioral Science (SBSX)
Elective Code(s): BUS, GLKY, LART
Previous ECN* 102
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