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| Course ID: ECON 210 |
| Programs: BSBA |
| Pre-requisites: |
Microeconomics is the study of decisions that individuals and businesses make regarding the allocation of resources and prices of goods and services. This means also taking into account taxes and regulations created by governments. This course provides students with a treatment of microeconomics that stimulates their interest in the field, introduces them to the tools of the discipline, and starts the student on the path toward “thinking like an economist.” Microeconomics focuses on supply and demand and other forces that determine price levels for specific companies in specific industry sectors. This course is an introduction to theories of the behavior of markets. The course will examine the determination of product and resource prices, the theory of the firm; the role of competition, the impact of monopoly, externalities and government regulation and international economic relations.
McConnell, Campbell R.; Brue, Stanley L.; Flynn, Sean Masaki. Microeconomics Brief Edition. ISBN 9780077230982.