ECO 2201 - Intermediate MicroEconomics

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 1203 and MTH 1000 or placing out of MTH 1000 on the math placements tests.

Fulfills: SOSC in LS Core.