ECON 102 — PRINCIPLES OF ECONOMICS II

Introduces the basic analytic tools necessary to understand an economy from the microeconomic perspective. Emphasizes core topics including: choices of individual economic decision-makers, scarcity and its effects, specialization and trade, market equilibrium, elasticity, production and cost theory, market structures, factor markets, and market failure. [D; CSU; UC; C-ID ECON 201]