BUSM 256 - Microeconomics

Institution:

Community College of Beaver County

Subject:

Business

Description:

Microeconomics is the study of individual choice, and how that choice is influenced by economic forces. It considers economic reasoning from the viewpoint of the individual. Microeconomics focuses on the pricing policies of firms, households' decisions on what to buy, and how markets allocate resources among alternative ends. Topics include supply and demand elasticities, individual choice and the foundation of supply and demand, production and cost analysis, perfect competition, monopoly, monopolistic competition, and oligopoly strategic pricing, competition in the real world, politics and economics and the case of agricultural markets, microeconomics policy and economic reasoning, government's role in the economy, economic impact on the environment, antitrust and industrial policy, the distribution of income, the labor market, nonwage and asset income, international trade restrictions, growth and the microeconomics of developing countries, and socialist economies in transition. 3-0-3

Credits:

3.00

Credit Hours:

Prerequisites:

BUSM255 or ECON255.

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

09/04/2001 - 09/01/2009 

Institution Website:

www.ccbc.edu

Phone Number:

(724) 480-2222

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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