EE 211 Principles of Microeconomics

3 (3-0-6)

(Exclusively for economics major students or students who plan to transfer to the economics major)

Principles of microeconomics such as value, price, resource allocation, introduction to theories of consumption and production with an emphasis on factors determining supply and demand of goods and services, determination of price and efficiency of resource allocation in perfect and imperfect competitive markets; basic theories regarding factor markets and introductory concepts of market failures.