ECO 102 - Microeconomics

Credits: 3
Class Hours: 3
Study of the interaction of supply, demand, and prices in a market economy. Critical analysis of price theory under conditions of perfect and imperfect competition, oligopoly, and monopoly. Applications to wages, profits, rent, and interest. Theory of consumer behavior. Practices of the individual firm. Economic growth and international problems. Satisfies 3 credits towards an Economics Elective requirement.