ECON 2813 - Principles Of Microeconomics

Credit Hours: 3
Contact Hours: 3 Lecture
Offered: Fall, Spring

Introduction to microeconomic theory, the study of consumer and firm behavior. Examines the interaction of demand and supply in determining market price and output. Explores preferences, utility, consumer choice, elasticities, production, costs, and efficiency. Emphasizes manager decision making in the presence of various market structures including perfect competition, monopolistic competition, oligopoly, and monopoly. Overviews economic rationale of anti-trust policy. (ACTS: ECON 2203)

Prerequisites: MATH 1303 - College Mathematics And Quantitative Literacy or higher MATH course