20062 ECON 2 Principles of Economics Micro McQueen 201507-3

Economics of the firm and resource allocation. Market structure of American capitalism. Demand, supply and elasticity; theory of consumer demand. Cost of production, pure competition, pure monopoly, monopolistic competition, oligopoly, wage determination, pricing of resources and general equilibrium. Current domestic problems and international economics. Grades: Option (A-F), P/NP. Degree Applicable Credit. Major, Area of Emphasis, and Gen Ed Applicable. UC/CSU (CAN ECON 4)