ECON101

Introduces students to the discipline of economics and centers upon the study of microeconomics - the decision-making process of individual consumers and firms in the economy. Includes such topics as opportunity costs, production possibilities frontier, demand and supply, markets, efficiency and equity, consumer and producer surplus, marginal utility, price controls, market failure, externalities, public goods, production and consumption, elasticities, profits, revenues, firm costs, economies of scale, diminishing returns, perfect competition, and monopoly.

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