ECON106

Students will understand principles of supply and Students will understand principles of supply and demand including sensitivity analysis to price, income and utility. They will analyze cost under various market structures. Both the output and input markets will be examined. (Prerequisites: MATH-012 or MATH-015 or satisfactory completion of the College's foundational studies requirement in computation, READ-092 or READ-095 or satisfactory completion of the College's foundational studies requirement in reading, and ENGL-095 or satisfactory completion of the College's foundational studies requirement in writing) income and utility. They will analyze cost under various market structures. Both the output and input markets will be examined. (Prerequisites: MATH-012 or MATH-015 or satisfactory completion of the College's foundational studies requirement in computation, READ-092 or READ-095 or satisfactory completion of the College's foundational studies requirement in reading, and ENGL-095 or satisfactory completion of the College's foundational studies requirement in writing)