Divisions
Course Description
Students will examine principles of supply and demand with an applied analysis of consumer demand, sensitivity to price changes (elasticity), and utility. Using cost and revenue information, students will demonstrate the theoretical market of perfect competition and monopolies along with realistic alternative markets like monopolistic competition and oligopolies. Students will recognize the role of comparative advantage and specialization in international trade. Prerequisite/Corequisite: ENG 1530; Eligibility: MAT 1590 or higher. J fall, spring; C fall, spring; Online occasionally.
Academic Level (Course Level)
CR
Schedule Type
Independent Study, Interactive TV, Lecture
Grade Modes
Audit, Special Audit, Standard Letter Grade, Credit/Fail Standard Letter
Instructional Methods
In Person (on campus), In Person (on campus)
Course Attributes
E, L, S, SOCS, SR