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November 22, 2009
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ECO202: MICROECONOMICS
(Economics)
Credits: 3 Credits
This course covers an introduction to the market system. It covers basic demand and supply analysis, theory of consumer choice, demand and supply elasticity, long run and short run cost curves, and price and output determination under different market structures, such as perfect competition, monopoly and monopolistic competition. The course applies microeconomic principles for analyzing government regulations. The course meets General Education "World View" Requirement Area 3.
Prerequisite: Fundamentals of Algebra (MAT094) and Reading Skills II (RDG095) or placement.
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