ECON 1101 – Principles of Microeconomics
(3 credits – TG) 3 hours lecture, 1 hour lab
This course examines how individuals, firms, and governments allocate scarce resources. Market, firm, and society choices are examined using the principles of consumption and production under the following market structures: perfect competition, monopoly, oligopoly, and monopolistic competition. These principles form the basis for analyzing the decision-making processes associated with contemporary microeconomics issues.