Principles of Microeconomics
ECN1002 / 4 q.h.
Formerly ECN 4111.
Introduces microeconomics, which centers on individual areas of activity such as a firm, product, or consumer. Applies basic principles of economics to current economic problems. Explores the role of a market pricing system, supply and demand, the costs of production, profits and the supply decision, competitive markets, monopoly, oligopoly, factor markets, and income distribution. Applies economic principles to selected problem areas, including poverty, pollution, and international trade. Prereq. ECN 1001.
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