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Apr 27, 2024
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2017-2018 Catalog [ARCHIVED CATALOG]
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EC 202 PRINCIPLES OF MICROECONOMICS
This course will analyze the four basic market structures or perfect competition, monopoly, monopolistic competition, and oligopoly. We will see how each industry’s structure impacts decisions on pricing and production. Topics covered include: business costs, price elasticity, anti-trust laws, privatization, labor law, income distribution and poverty. It is recommended that the student take EC 201 before this course. Lecture: 3 hours per week. 3 Credits
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