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Raritan Valley Community College    
 
    
 
  Jul 24, 2017
 
2013-2014 Catalog [ARCHIVED CATALOG]

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ECON 102 - Microeconomics

(3,0) 3 Credits
Prerequisite(s): ECON 101 - Macroeconomics .
Microeconomics investigates the economy from the perspective of individual players in the market. Individual consumer behavior is examined to determine how individual demand decisions are made. Business behavior is examined to determine how individual decisions are made under various market structures. The course also explores the issues of marginal analysis, elasticity of demand, profit maximization and cost analysis. Extensive use of graphs to analyze various issues should be expected.



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