E/M 102 - Principles of Microeconomics

Institution:

Gustavus Adolphus College

Subject:

Description:

A continuation of E/M-101. Whereas macroeconomics looked at the economy as a whole, microeconomics examines the actions of the smaller components that make up the macro economy: individuals, households, businesses, unions, and governmental units. Most attention is given to the decisions facing a typical firm, and how those decisions will impact variables like price, output, and profit. Specific topics include demand theory, elasticity, production and cost, market structure, factor markets, international trade, and the role of government. Prerequisite: E/M-101 or permission of the instructor. Fall and Spring semesters.

Credits:

1.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

WWW.GUSTAVUS.EDU

Phone Number:

(507) 933-8000

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Four-one-four plan

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