This course introduces the student to the functioning of the market mechanism, its strengths and weaknesses, and to the role of the consumer and the producer in the modern global economy. This course also examines the behavior of the consumer, and that of the profit-maximizing firm in regard to cost, price and output, within varying levels of competition, and government regulations. Field trips may be required. Prerequisites: Course taught at the level of intermediate algebra or placement as determined by the college's multiple measures assessment process. Formerly: ECON R102. Transfer credit: CSU;UC.
Introduction to the Principles of Microeconomics
Oxnard College via California Community Colleges System
