Alfred State
10 Upper College Drive Alfred, NY 14802
Active
The following is fulfilled by this course:
- Social Sciences
Alfred State has listed this a core course in the following categories:
The core course can be applied to following SUNY Transfer Paths:
ECON 2023
Principles of Microeconomics
This course provides an analysis of the basic market forces of supply and demand, and economic outcomes under different market structures such as competitive, imperfectly competitive and monopolistic markets. The labor and capital markets are analyzed. In addition, the economics of the public sector emphasizes tax policy, externalities, monopoly power, and the provision of public goods. The course examines contemporary social issues such as economic inequality, poverty, and the welfare system as well as global issues such as international trade and protectionism.