EC-101

Course Number

EC-101

Course Name

Prin of Microeconomics

Course Credits

4.00-

Description

’Introduction to the organization and operation of a market economy with a focus on how it allocates scarce resources; the analysis of consumer demand and profit maximizing behavior of business; examination of pricing and output decisions under conditions of competition, monopoly and imperfect competition. Analysis of markets for labor and capital. Policy issues include price ceilings and floors, competition and monopoly. No prerequisite. Required of all majors in Economics. 1 term - 3 semester hours. Normally offered every semester. ’


	EC-101 Course Number EC-101 Course Name Prin of Microeconomics Course Credits 4.00- Description ’Introduction to the organization and operation of a market economy with a focus on how it allocates scarce resources; the analysis of consumer demand and profit maximizing behavior of business; examination of pricing and output decisions under conditions of competition, monopoly and imperfect competition. Analysis of markets for labor and capital. Policy issues include price ceilings and floors, competition and monopoly. No prerequisite. Required of all majors in Economics. 1 term - 3 semester hours. Normally offered every semester. ’