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EC 201 Principles of Microeconomics
Full Curriculum Program
Rome, Italy
Dates: 1/9/24 - 5/4/24
EC 201 Principles of Microeconomics
OVERVIEW
CEA CAPA Partner Institution: John Cabot University
Location: Rome, Italy
Primary Subject Area: Economics
Instruction in: English
Transcript Source: TBD
Course Details: Level 200
Recommended Semester Credits: 3
Contact Hours: 45
Prerequisites: MA 100 Finite Mathematics, MA 101 Intermediate Algebra, Recommended: EN 105 English Composition II
DESCRIPTION
This course introduces the students to the basic principles of microeconomics and the study of the behavior of individual agents, such as consumers and producers. The first part of the course reviews the determinants of demand and supply, the characteristics of market equilibrium, the concept of social welfare, and the consequences of price controls, taxation, and externalities on social welfare. The second part of the course deals with market theory, with a review of cost concepts and market structures: competition, monopoly, oligopoly and imperfect competition.