Principles of Microeconomics.

Catalog description

Presents the fundamental microeconomic concepts, theories, and issues including the study of scarcity and opportunity cost, supply and demand, elasticities, marginal revenues and costs, profits, production and distribution. Develops an appreciation of how these economic concepts apply to consumer and business decisions, and their effect on the individual. This is a Passport and UCGS transfer course. Lecture 3 hours per week. Total 3 hours per week. May be taken out of sequence. Students may not receive credit for both ECO 150 and ECO 202 .