ECO104 Principles of Microeconomics

A study of the economics of markets and market economies. This study of individual decision makers and their interaction in markets includes: the basic concepts of demand, supply, and the price mechanism; elasticity; the economics of the firm and market structures; the microeconomic role of government; the distribution of income; international trade and finance; the problems of economic development, and comparative economic systems. Fulfills open, liberal arts, and social science electives.