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Pacific Oaks College    
2023-2024 Academic Catalog and Student Handbook 
    
 
  Jun 17, 2024
 
2023-2024 Academic Catalog and Student Handbook [Archived Catalog]

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ECO 202 - Microeconomics

3 Credit(s)
This course on microeconomics studies how individuals and firms make consumption and production decisions, and how these decisions determine the allocation of scarce resources in a market. Students will learn the fundamentals of consumer and producer decision making starting with basic concepts such as supply and demand, equilibrium, consumer utility, income and substitution effect, demand, diminishing marginal returns, profit maximization, and supply.




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