The primary objective of the microeconomic course is to increase the student’s awareness of economic issues concerning markets, the price system, the allocation of resources, income distribution, the role of government, the profit motive, and capitalism. Among other topics, the theory of perfect competition, monopoly, and oligopoly will be investigated. The logic of consumer choice, government regulation and antitrust policy, labor unions and collective bargaining, and the problem of poverty will also be included in the course. Students should not concurrently enroll in this course and ECON 2013.