Principles of Microeconomics

ECN 1002 4 Quarter Hours
Course Level Undergraduate
Description 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.

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