ECON 102 — Principles of Economics: Microeconomics Theory
Units: 3 Lecture Hours: 54 Lab Hours: 0 Outside Hours: 108 Grading Method: Letter Credit Status: Credit, degree applicable Conditions of Enrollment: Prerequisite: ECON 101 with a minimum grade of C This course focuses on the fundamental laws of supply and demand. The principles that govern the operation of the market economy using microeconomic theory will be examined. In particular, emphasis will be placed on decision making by individual consumers and firms, and how the allocation of goods and resources are determined in both competitive and monopolistic markets.