EC 211 - Principles of Microeconomics

Institution:

Arcadia University

Subject:

Economics

Description:

An examination of the theory of price. Survey of the concepts of supply and demand, utility, elasticity, cost and production. Compares price determination in different markets, perfect competition, monopolistic competition, monopoly and oligopoly. Focuses on the economics of the individual economic agent. Prerequisite: Facility in working with quantitative material is required for this course. Such facility may be demonstrated by appropriate mathematics courses which were completed recently, by a sufficiently high recent SAT or ACT score, or by a placement examination through the University or an outside testing association. Students who need review in mathematics will need to take MA100 prior to EC211. MA145 is recommended.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.arcadia.edu

Phone Number:

(215) 572-2900

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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