Introduction to the functioning of markets. Theory of the determination of output
and prices for markets under competitive and noncompetitive conditions. Analysis of
firms’ costs and revenues. Government tax and regulatory policies in response to imperfect
competition and market failures. Current economic topics such as international trade
and labor markets.
Letter Grade Only
- Lecture hours/semester: 48-54
- Homework hours/semester: 96-108
Prerequisites: MATH 110 or MATH 111 and MATH 112 or equivalent.
Recommended: Eligibility for ENGL 100 or ENGL 105, or equivalent. ECON 100 or equivalent.
AA/AS Degree Requirements: Area 9D1
(CSU GE Area D), UC (IGETC Area 4)
C-ID: ECON 201