ECON 0105 - INTRO MICROECONOMIC THEORY Minimum Credits: 3 Maximum Credits: 3 Uses basic economic principles to explain how markets work, how firms and consumers make decisions, how they interact in product and factor markets, and how these markets determine prices, output, wages, and profits. These principles are also used to analyze issues of current concern in public policy and to decide whether, when, and how government should intervene in the operation of the market. Academic Career: Undergraduate Course Component: Lecture Grade Component: LG/SU3 Elective Basis
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