LCCC Catalog 2021-2022 
    
    Sep 25, 2022  
LCCC Catalog 2021-2022 [ARCHIVED CATALOG]

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ECON 1020 - Microeconomics


Credits: 3
Students examine how markets solve the issue of economic scarcity and how the decisions and behaviors of consumers, producers, government, and the market structure affect market outcomes. Students analyze market failure, where markets fail to produce efficient results, and describe the theoretical conditions needed for perfect competition.

Prerequisite: Completion of MATH 1400 .



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