Microeconomics

Catalog description

Introduces structure and operation of markets for goods, resources and financialinstruments. How does a market determine the price for a good? Within amarket, how does the firm determine its profit-maximizing production level of agood and employment level of labor? How does competitiveness of the marketaffect behavior of the firm? Under what circumstances (if any) should governmentalter decisions of the marketplace? Note: Fulfills SUNY-GE Social Sciences. Noprerequisite.