Shows the student how to understand the individual consumption and production decisions which are made within a market economy, guided by prices and costs. Economic concepts of supply, demand, cost, response to price changes, production, equilibrium, and income distribution are analyzed. Weekly hours: 3 Lecture hoursNote: Costs in addition to tuition may apply to Independent Studies sections of this course.
Shows the student how to understand the individual consumption and production decisions which are made within a market economy, guided by prices and costs. Economic concepts of supply, demand, cost, response to price changes, production, equilibrium, and income distribution are analyzed. Weekly hours: 3 Lecture hoursNote: Costs in addition to tuition may apply to Independent Studies sections of this course.
