ECO 202 - Introduction to Microeconomics

IAI Number GECC: S3902
3 Credit Hour(s)
3 Lecture Hour(s)
0 Lab Hours(s)
This introductory course emphasizes microeconomic theory and application. Major topics include basic economic principles; capitalism vs. socialism; supply and demand analysis; resource allocation; behavior of the consumer; price theories including price and output determination, and the behavior of the firm under varying market structures; monopoly problems, including antitrust and regulation; factor markets with emphasis on the labor market; income distribution and poverty; international economics and the world economy.