Feb 23, 2020  
2018-2019 Academic Catalog 
2018-2019 Academic Catalog [ARCHIVED CATALOG]

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ECO 200 - Microeconomics

(3 Credits)

This course deals with economics of the firm and the individual. It delves into utility theory of the consumer, the theory of the optimal input use of the producer and the rationing mechanism of the perfectly competitive product and resource markets. It also describes the various noncompetitive markets such as monopoly, monopolistic competition, oligopoly and monopsonistic market structure and how economic decisions are made in such markets.

Prerequisite(s): MAT 111  

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