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Economic Principles and Problems - Micro
ECON PRIN
CLASS CODE: ECON 112 CREDITS:  3
DIVISION: BUSINESS & COMMUNICATION
DEPARTMENT: ECONOMICS
GENERAL EDUCATION: This course fulfills a General Education - Social Science requirement.

DESCRIPTION: An elementary course emphasizing the functioning of the price system and its effect on the household, the business firm, and international trade.
TAUGHT: Winter, Summer, Fall
CONTENT AND TOPICS:

  • Supply and demand

  • Consumer choice

  • Production and cost

  • Market structure

  • Other contemporary micro economic theories are covered

GOALS AND OBJECTIVES:

  1. Conceptual foundation of microeconomic theory.

  2. Develop the intuition and skills necessary to understand the price system of a market driven economy.

  3. The course is divided into three sections. The first, reviews the concept of supply and demand, and introduces utility theory and cost. Second, various possible market structures are examined. And finally, we'll look at specific applications of microeconomic theory.

REQUIREMENTS: Homework assignments, quizzes, lab assignments, research assignments, writing assignments, and exams.
PREREQUISITES:
OTHER:
EFFECTIVE DATE: