ECO 202 Principles of Microeconomics: SS1

3 Credit Hours • 45 Contact Hours (Lecture)

Prerequisite: ENG 090, MAT 045 or MAT 060

Studies the firm, the nature of cost, and how these relate to the economy as a whole. Analyzes economic models of the consumer, perfect competition, monopoly, oligopoly, and monopolistic competition. Explores economic issues including market power, population growth, positive and negative externalities, income distribution, poverty and welfare, discrimination, and international economic interdependence.