BUS 206 - Microeconomics

ECN 2202

Prerequisite: Multiple measures discussion, or appropriate score on placement exam, or completion of PCS 021, TRE 089, and

TRM 091

or higher

Description: Study of how individuals make consumption decisions and firms make production decisions and how those decisions determine the allocation of scarce resources in product markets and resource markets. Course covers: price elasticity; consumer choice and demand; firm’s production and costs; perfect competition; monopoly; market failure; externalities; public goods; income distribution; income redistribution; and poverty.

Credits: 3
Lecture Hours: 3

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