More specifically, ECON 102 is an introduction to microeconomic analysis and policy. Microeconomics deals with the behavior of individual households and firms and how government influences that behavior it is the subject of this course. Macroeconomics is concerned with economy-wide factors such as inflation, unemployment, and overall economic growth. There are two main branches of economics, microeconomics, and macroeconomics. One way to think about economics is that it is a consistent set of methods and tools that is valuable in analyzing certain types of problems related to decision-making, resource allocation, and the production and distribution of goods and services. Economics is the study of how people satisfy their wants in the face of limited resources. ECON 102 Introductory Microeconomic Analysis and Policy (3)(GS)(BA) This course meets the Bachelor of Arts degree requirements. Methods of economic analysis and their use price determination theory of the firm and distribution.
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