Microeconomics presents the theory and application of the four market structures: pure competition, monopolistic competition, oligopoly, and monopoly. Students determine the revenue, costs, output, and prices for each market structure along with the social implications of each market form. In addition, the course analyzes various social issues such as consumer choice, pollution, healthcare, public works projects, and poverty transfer programs using the microeconomic principles of elasticity, benefit and cost, and diminishing returns analysis. NOTE: It is strongly recommended BSAD 1000 be taken prior to ECON 1000 and ECON 1100, as well as completing math requirements.
Course is offered On-line