Prin of Economics II (ECO-202)
An introduction to the theory of a firm (a micro unit). Analysis of a firm under fundamental principles of supply and demand and consumer behavior. Cost analysis and profit maximization under various market models. The pricing of resources and contemporary issues. Students will be able to analyze the behavior of a firm as well as price determination. Prerequisites: ENG 089, ENG 099, MAT 022, or permission of instructor or Department Chair. 3 lecture hours per week. 3 credit hours.