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Nov 21, 2024
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ECO - 251 Principles of Microeconomics
Class Hours: 3 Lab Hours: 0 Credit Hours: 3
When Offered: Fall, Spring
Prerequisite(s): None
Corequisite(s): None
Local Prerequisite(s): None
Local Co-requisite(s): None
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 for transfer under the CAA and ICAA as a general education course in Social/Behavioral Sciences.*
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