Introduces structure and operation of markets for goods, resources and financial instruments. How does a market determine the price for a good? Within a market, how does the firm determine its profit-maximizing production level of a good and employment level of labor? How does competitiveness of the market affect behavior of the firm? Under what circumstances (if any) should government alter decisions of the marketplace? Note: Fulfills SUNY-GE Social Sciences. No prerequisite. Offered on: A-E-G / 3 cr. hrs.