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Nov 01, 2024
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2024-2025 Undergraduate Catalog
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ECON 2020 Microeconomic Principles This course discusses the basic economic principles related to the behavior of individual agents. the main topics include the following: 1) Opportunity Cost, 2) Demand and supply analysis, 3) consumer theory, 4) Production and costs, 5) Profit maximization, 6) Market structure ( perfect comptetition , monopoly, monoplistic competition, and oligopoly), 7) Market failure and the distribution of income ad 8) International trade and exchange rates. Prerequisite(s): WPS 1060 Credits: 3.0
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