Basic microeconomic theory and optimization techniques and their application to managerial decision making. Topics include demand, production, and cost analysis; market structure and pricing practices; and regulation. Course also examines estimation, forecasting, international implications, and case studies.
- Credit will not be granted for ECON 205 if ECON 203 or ECON 302 has already been completed.
- ECON 203 and ECON 205 cannot be taken concurrently.