Description
EC202 Microeconomics. 3 hours. Following an initial introduction to important general economic concepts, including demand and supply, the course examines the U.S. economy from a micro-economic perspective. It includes an analysis of (1) the theory of consumer behavior, (2) elasticity, (3) costs and supply, (4) market structure, (5) anti-trust law and regulation, and (6) factor markets. Prerequisite: MA103, MA103I, or ACT Math subscore > or = 22. Fall.