L.ECO 221 - Principles of Microeconomics-QR

Credits: 3

Have you ever wondered why airlines charge higher prices when you walk in off the street than if you call in advance? (or why movie theaters charge children half-price tickets when they take up a whole seat? why bars have happy hours, or senior citizen discounts, or why the government taxes cigarettes and alcohol?) This class gives insight into the market system and how it works. Students will uncover the workings of the free market system to discover how prices are determined and how other economic decisions are made.
Prerequisite: None
Co-requisite: None
General Education Classification: Quantitative Reasoning-QR