ECN 102(B) - Introduction to Microeconomics
MassTransfer Block Code: Social Sciences
An introduction to basic principles, processes, and applications of microeconomics: how a market based capitalist system determines what products are produced, how they are produced, and the way in which the benefits are distributed. Topics include supply and demand analysis for products and for factors of production; production functions and costs; production and pricing of output within different industry structures; efficiency, equity, international trade, externalities, and public goods.
Prerequisite(s): ECN 100 with a grade of C- or higher, or eligibility for MTH 014 or MTH 095
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