Principles of Microeconomics 3.0 UNITS

Catalog description

Prerequisite: Courses taught at the level of Elementary Algebra with a grade of "C" or higher or "Pass" or equivalent or appropriate placement based on the college's multiple measures process. This course emphasizes microeconomics: The study of specific markets in the economy. We investigate the dynamics of supply and demand in competitive markets in determining prices and the quantities of goods and services produced. Consumer behavior is investigated using the concept of marginal analysis. The behavior of firms in attempting to maximize profits is studied as is the differing market structures among varying industries. This course uses economic models and mathematical analysis. This course is transferable to the CSU and UC system. Students who have taken Economics 202 are not eligible for this course.