ECON205 - Price Theory

3 lec., 1 lab. hr.; 3 credits
Familiarizes the student with the technical tools of economic analysis. Covers price, input and output decisions of the business firm; the forces behind supply of and demand for the product of the firm and industry; and the factors determining the distribution of income. This course cannot be taken for credit if Economics 225 has been taken (see also Economics 225).
Prerequisites: Economics 101 or 103 and 102 or 104 and Mathematics 131 or the equivalent

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