ECON 202/2011 - Introduction to Microeconomics (3 cr.)
Fundamental economic concepts and methods of economic analysis with emphasis on microeconomic issues. Analyzes basic principles of market economics including resource allocation, opportunity cost, core elements of demand and supply, market equilibrium, elasticity, pricing, market structure, and trade exchange. Labor and capital markets, market efficiency, regulation, and social welfare implications.
Offered in fall and spring.
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