PRINCIPLES OF MICROECONOMICS

Catalog description

This course introduces microeconomic analysis and its application. Students examine how consumers and firms make decisions when facing scarce resources, as well as how those decisions affect market outcomes, such as prices and output. Students utilize models to understand supply and demand, theories of individual behavior and the firm, competition and monopoly and the distribution of income in society. Conventional grade basis only if this course is required in the College of Business and Economics for major. (SBS and SBS-S) PREREQ: C OR BETTER IN ( MATH 139 OR MATH 142 ) UNREQ: A STUDENT MAY EARN CREDIT FOR ONLY ONE OF ECON 201 OR ECON 213