Principles of Microeconomics

Catalog description

This course teaches the fundamentals of microeconomics and introduces students to the economic way of thinking. It involves an analysis of the economic principles underlying the behavior of individual consumers and business firms. Topics include economic systems, supply and demand analysis, elasticity, externalities, public goods, market structure and antitrust legislation. Students will learn how to use simple mathematical and graphical techniques to analyze choices made by individual economic entities. (Formerly ECN-2040 . Students may not receive credit for both ECN-2040 and ECN-1050.) Social sciences general education class. Prerequisite(s): Reading and mathematics readiness or MAT-0071 concurrent