Principles of Microeconomics

Subject ID Classroom Hours Lab Hours Clinic Coop Or Shop Hours Credit Hours
*
ECO
251
3
0
0
3
Prerequisite:

Take DMA 040 and DMA 050

Corequisite:

None

This course introduces economic analysis of individual, business, and industry choices 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 core requirement in social/behavioral sciences.