ECO-251: Principles of Microeconomics

Subject
Credits 3 Lab 0 Lecture 3
Clinical/WkExp
0

Local Prerequisites

ENG-025 or ENG-045 (can be taken previously or concurrently) and

MAT-025 or MAT-035 or MAT-110 or MAT-045 (can be taken previously or concurrently)

Description

This course introduces economic analysis of individual, business, and industry in the market economy. Topics include the price mechanism, supply and demand, optimizing economic behavior, costs and revenue, market structures, factor markets, income distribution, market failure, and government intervention. Upon completion, students should be able to identify and evaluate consumer and business alternatives in order to efficiently achieve economic objectives.

This course has been approved to satisfy the Comprehensive Articulation Agreement general education requirement in social/behavioral sciences. This is a Universal General Education Transfer Component (UGETC) course.