Dec 13, 2024  
2024-2025 Undergraduate Catalog 
    
2024-2025 Undergraduate Catalog

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 1201  and MTH 1015   or MTH 1016  or placing out of MTH 1015/MTH1016 on the math placement assessment.

 
Fulfills: SOSC in FC Curriculum.