ECO 251 - Prin of Microeconomics

Credits: 3
Class: 3

Prerequisite(s): None.
Corequisite(s): 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 CAA/ICAA general education core requirement in social/behavioral sciences. This is a Universal General Education Transfer Component (UGETC) course.