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EC102 Microeconomics

A study of the basic institutions and principles essential to an understanding of an economic system. In microeconomic terms, such concepts as a firms basic costs, revenues, and potential profit and loss are considered. Each of the four market conditions -- perfect competition, monopoly, oligopoly, and monopolistic competition -- is analyzed, and its influence on a firms prices and production level is explained. A library component is included.

3 Credit Hours

Course Descriptions » Economics

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