Jul 17, 2024  
2014-2015 Academic Catalogue 
2014-2015 Academic Catalogue [ARCHIVED CATALOG]

EC 201 - Principles of Microeconomics

Lecture Hours: 3
Lab Hours: 0
Credit Hours: 3

Critical analysis of the behavior of individuals and firms in a market economy. Microeconomic tools of analysis are developed and applied to the problem of resource allocation and the determination of value by consumers and firms. The virtues and limitations of markets are discussed.