Principles of Economics (Microeconomics)

Catalog description

Introduction to microeconomic analysis and policy. Exploration of economic analysis methodology in terms of price determination, analysis of demand, supply theory of the firm, and distribution. This course is designed to help students understand basic economic problems, the role of markets and how they work, the internal conditions of cost and revenue that determine company profitability and the external conditions of the industry that influence the company’s working environment. It also gives students an introduction to the relationship between the government and the market. Pre-Requisite: 2nd Year Standing