May 19, 2024

2023-2024 Undergraduate Catalog

EC 211 Principles of Microeconomics

(4 Credits)
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 decision-making 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 (MA 100), by a sufficiently high recent SAT or ACT score, or by a placement examination.