ECON 102 - Microeconomics

3 credits

This course provides an analysis of the basic market forces of demand and supply, and economic outcomes under different market structures such as competitive, imperfectly competitive and monopolistic markets. The labor and capital markets are also analyzed. In addition, the economics of the public sector emphasizes tax policy, externalities, monopoly power and the provision of public goods. The course examines contemporary social issues such as income distribution, poverty and the welfare system as well as global issues such as international trade and protectionism.

Prerequisites: Student must be prepared to enter ENG 101 Writing and Research by having completed ENG 92 Writing for College 2, ESL 122 Introduction to Academic Writing 2, or by having an essay test score of 8 or higher on the placement exam. Or student may have a pre- or corequisite of ENG 101 Writing and Research or ENG 101H Writing and Research - Honors. Student must be college-ready for Mathematics.