| EC102 Microeconomics |
| A study of the basic institutions and principles essential to an understanding of an economic system. In microeconomic terms, such concepts as a firms basic costs, revenues, and potential profit and loss are considered. Each of the four market conditions -- perfect competition, monopoly, oligopoly, and monopolistic competition -- is analyzed, and its influence on a firms prices and production level is explained. A library component is included. 3 Credit Hours |