ECON 202 Microeconomics

Topics include organization and operation of the American economy, the basic problems of economics, the role of business, labor and government; theory of price and income distribution with particular application to the structure of American industry. (SS) This course will cover the area of economics commonly defined as microeconomics which is concerned with the individual parts of the economy such as individual businesses or industries, individual consumers, and individual products. One of our goals is to study whether the economy uses our limited resources to obtain the maximum satisfaction possible for society.