2024-2025 Academic Catalog 
    
    Nov 14, 2024  
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2024-2025 Academic Catalog

ECON 205 - Microeconomic Theory

Describes and analyzes how a market-oriented economy functions in answering the five basic economic questions: (a) What commodities to produce? (b) How much of each to produce? (c) What productive techniques to use and how to provide incentives? (d) How to distribute the output among the various members of society? (e) What provision to make for the future? Interspersed with theory, the course contains frequent examples that demonstrate the use of microeconomics in solving problems faced by decision makers in both the private and public sectors.

Prerequisites: ECON 010  and ECON 011  

Anticipated Terms Offered: Offered every fall semester
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