EC 203/EC203H

Microeconomics

This course analyzes the market behavior and decision-making processes of individual consumers and firms. It utilizes the concepts of opportunity cost, supply and demand, comparative advantage and market structure to develop an understanding of how prices and ouput levels are determined and how scarce resources are allocated in individual markets. Prerequisite: MA 116 (for students transferring a math course prior to entering Limestone College, MA 115 or MA 116).