The market system and alternative mechanisms for determining prices and allocating resources. Economic analysis of monopoly, cartels, wage and price controls, pollution, and other contemporary problems. The role of government in promoting economic efficiency. Prerequisite: 01:640:111, or 115, or calculus placement. (Credit not given for both this course and 11:373:121).
01:220:102 Introduction to Microeconomics (3)
- Credits: 3
- Course Type: Introductory Course,
- Minor: Minor in Economics, Minor in Quantitative Economics
- Certificate: Certificate In Quantitative Economics, Minor in Philosophy, Politics and Economics