ECON 2010 - Principles of Micro Economics

Functioning of market system; supply and demand, theory of the consumer, production and cost theory of the firm; perfect vs. imperfect competition and government regulation. Prerequisite(s): None There is no mandatory sequence for taking ECON 2010 and ECON 2020. Students may take Principles of Macro Economics before Principles of Micro Economics(3, EXPLORATIONS/Human Behavior, FaSp)