ECON 3231 - Intermediate Microeconomics (3 Credit Hours)

Lecture Hours: 3 Lab Hours: 0
The market mechanism and its relationship to major institutions. Household decision making and consumer demand. Production, cost and the firm’s supply decision. Market structures, market failures and the appropriate role of government policy.

Prerequisite(s): A minimum grade of “C” in ECON 2105 and ECON 2106.