Course Description
ECO223 Principles of Microeconomics (3-0-3)

This course develops an analytical framework for the understanding of the theory of markets, including the decision-making process in businesses, the impact of technological advances on markets and the functioning of the four different market structures. This course will also provide a closer look at the interactions of individual households, business firms and governments in the marketplace. Finally, this course will discuss economic issues related to the well-being of market participants, the tradeoffs between equity and efficiency, the economics of taxation and subsidies, the economics of healthcare, the economics of poverty and income inequality, labor market issues and the basis of free trade. F, S


Last Updated: 12/18/14 08:05pm ET
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