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.