Recent ProfessorsNot yet assignedRecent SemestersNo scheduled sections on recordClass SizeNot publishedCredits3PrerequisiteCompletion of elementary algebra or appropriate placement based on AB705 mandates. Transfers ToCSUDescriptionAn introductory course focusing on choices of individual economic decision-makers. Topics include scarcity, specialization and trade, market equilibrium, elasticity, production and cost theory, market structures, factor markets, and market failure: pure monopoly, monopolistic competition, ologopoly, wage determination, and pricing of resources. Prerequisite: Completion of elementary algebra or appropriate placement based on AB705 mandates.