Nov 22, 2024  
2015-2016 Undergraduate Catalog 
    
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2015-2016 Undergraduate Catalog [ARCHIVED CATALOG]

EC 211 Principles of Microeconomics

This course is an examination of the theory of price. It surveys the concepts of supply and demand, utility, elasticity, cost and production. It compares price determination in different markets, perfect competition, monopolistic competition, monopoly and oligopoly. This microeconomics course focuses on the decisionmaking of the individual economic agent.

Prerequisite: Facility in working with quantitative material is required for this course. Such facility may be demonstrated by appropriate mathematics courses that were completed recently, by a sufficiently high recent SAT or ACT score, or by a placement examination through the University or an outside testing association. Students who need review in mathematics will need to take MA 100  prior to EC 211.