BUSC 1B - Principles of Economics - Microeconomics Degree Applicable, CSU, UC, IGETC, C_ID# ECON 201 Prerequisite: BUSC 1A or BUSC 1AH Economic analysis with emphasis on price and distribution theory, scarcity, opportunity costs, supply, demand, elasticity of supply and demand, consumer's behavior, cost theory and output determination under various market structures, factor markets, public choice, income distribution, externalities and government regulation, and comparative economic systems.
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