ECON 2622 - Microeconomics

Arts & Sciences
Previous Course Number: NEW

Microeconomics studies the decisions and interaction of consumers and businesses, resulting in an understanding of the process by which prices and quantities are determined in a market setting. This course enables students to analyze the effects of changes in the market on equilibrium and comprehend consumer choice. Further, forms of industrial organization such as competition, monopoly, and oligopoly are explored. Additional topics include: the role and effect of the government in the economy, the markets for labor, and the differences among the types of economic systems.
credit(s): 3
Prerequisite(s): MATH 1100