Microeconomics is the branch of economics that studies the decisions of individual consumers and firms, the costs they face, and the way prices are set in particular markets.
What it covers
It is conventionally paired with macroeconomics, which takes the economy as a whole as its subject.
The catalog states: “This course focuses on the consumer, the firm, the nature of cost, and how these relate to the economy as a whole.”
It analyzes economic models of the consumer, perfect competition, monopoly, oligopoly, and monopolistic competition.
Which program covers it
In InterCoast Colleges’ Associate of Applied Science Degree — Business Administration program, microeconomics is covered in the course BUS207, Microeconomics.
The Associate of Applied Science Degree — Business Administration outline lists BUS207 Microeconomics at 45 clock hours (45 lecture, 0 laboratory) and 3 semester credits.
Prerequisites for BUS207: none.
It sits with the other business subjects, among them financial accounting, business law, business communications, and human resource management, in the Associate of Applied Science Degree — Business Administration program.
This topic is covered in the Associate of Applied Science Degree — Business Administration program at InterCoast Colleges.