ECO 251 - Prin of Microeconomics

3 Credit Hour(s)

This course introduces economic analysis of individual, business, and industry 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.

Contact Hours: 3
Class Hours: 3
Lab Hours: 0
Prerequisite(s): ENG 002 and ENG 011 (Tier 2); MAT 003 and MAT 043 or MAT 052 (Tier 2)
Semester(s) Offered: F, S

Notes: This course has been approved to satisfy the Comprehensive Articulation Agreement general education core requirement in social/behavioral sciences.