ECON 1100 Microeconomics

4.5 - 0.0 - 4.5

RecommendedRecommended Prior

BSAD 1000 and math requirements - recommended prior to taking this course, but not required.

Course Description

Microeconomics presents the theory and application of the four market structures: pure competition, monopolistic competition, oligopoly, and monopoly. Students determine the revenue, costs, output, and prices for each market structure along with the social implications of each market form. In addition, the course analyzes various social issues such as consumer choice, pollution, healthcare, public works projects, and poverty transfer programs using the microeconomic principles of elasticity, benefit and cost, and diminishing returns analysis.