Nov 21, 2024  
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2024-2025 Catalog

ECO - 251 Principles of Microeconomics

Class: 3 Lab: 0 Clinical: 0 Credit: 3
Prerequisites: Take One Set: Set 1: ENG-090 and RED-090 Set 2: ENG-095 Set 3: DRE 098  Set 4: DRE 099 

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 for transfer under the CAA & ICAA as a general education course in Social/Behavioral Sciences.