The course ECN-361 Microeconomics basically emphasizes the fundamental ideas of microeconomics. Students focus on understanding how economic agents make decisions about both consumption and production, by examining market forces of supply and demand under different market structures. They evaluate the conduct, structure, and performance of markets through analysis of consumer, producer, and societal welfare and also explore the topic of factor markets in which the incomes of most workers and owners of capital and property are determined. The prerequisites of this course are: ACC-250, ACC-240, and BUS-352.
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