Oct 05, 2022  
Fall 2021 - Summer 2022 Academic Catalog 
    
Fall 2021 - Summer 2022 Academic Catalog [ARCHIVED CATALOG]

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: Math Level 1-Ready  
Pre or Corequisites: Prerequisite: English 101-Ready  or Corequisite: ENG 101 - Writing and Research