ECO 2201 - Intermediate Micro-Economics

Credits: 4

This course focuses on how the price system allocates resources and goods in a manner that maximizes the well- being of society. The optimizing behavior of both producers and consumers is explained and analyzed. Their behavior under the conditions of a perfect market is shown to result in the greatest benefit to society. The breakdown of those conditions such as monopoly, power and/or externalities, is shown to bring less beneficial results. The analytic concepts used to do this are the fundamental tools of the economist.
Prerequisite(s): ECO 1201 and ECO 1202.
Fulfills: Social Science distribution requirement. SOSC requirement in LS Core.

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