Apr 28, 2024  
2022-2023 College Catalog 
    
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2022-2023 College Catalog [ARCHIVED CATALOG]

EC 202 PRINCIPLES OF MICROECONOMICS



This course will analyze the four basic market structures or perfect competition, monopoly, monopolistic competition, and oligopoly. We will see how each industry’s structure impacts decisions on pricing and production. Topics covered include: business costs, price elasticity, anti-trust laws, privatization, labor law, income distribution and poverty. It is recommended that the student take EC 201  Principles of Macroeconomics before this course. Lecture: 3 hours per week. 3 Credits.