ECON 102 Principles of Economics II

A continuation of ECON 101 that completes the coverage of economic principles by incorporating the development of more sophisticated analytical tools. Microeconomic topics include production costs the behavior of firms under different market structures (competition monopoly and oligopoly) taxation and income distribution and input markets. Macroeconomic topics include the Keynesian model of output determination the monetary system and the effects of fiscal and monetary policies.