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Catalog Description: Three
Semester Hours. Principles and characteristics of the market economy:
supply, demand, market equilibrium; household demand, firm cost
and supply; market structure, government regulation and deregulation;
factor markets.
Prerequisite: Economics
111 (Principles of Macroeconomics). Note that, although a 'D' in
Economics 111 is acceptable as a prerequisite for Economics 112,
a 'C,' or better, in Economics 111, is required for all majors in
the School of Business. It is highly recommended that business majors
who earned a 'D' in Economics 111 retake Economics 111 prior to
enrolling in Economics 112.
Special Notes: Counts as
Distributional Social Sciences course (except for Economics majors).
IAI Course No. S3, 902.
Web Resources:
Course Handouts (Word):
Spreadsheet Examples (Excel):
Lecture Notes (PowerPoint):
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