ECON 10B - Introduction to Microeconomic Theory

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    Recent Semesters
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    Class Size
    Not published
    Credits
    3
    Prerequisite
    Elementary Algebra or appropriate placement beyond Elementary Algebra; Recommended: Intermediate Algebra
    Transfers To
    Not transferable
    Description
    Students are introduced to microeconomic theory including economic behavior of individual economic units such as consumers, firms, and resource owners. They will examine the market system as a means of solving problems in the production and distribution of goods and services in a society. Students analyze the effectiveness of the price system in providing the society with an equitable distribution of goods, services, and income. They will also study microeconomic problems such as monopoly power of big business and big unions, government regulations and consumer protection, the energy crisis, taxes, and welfare. (C-ID ECON 201)