Economics - ECON 202
Principles of Microeconomics
4 Credit Hours
4 Lecture Hours
Course Description
This course provides students with an introduction to the theory of consumer behavior, production theory, market structure in product and resource/factor markets and microeconomic policy.
Prerequisites
(A requirement that must be completed before taking this course.)
- MATH 47 or a minimum score of 19 ACT-Math, 25 SAT-Math, 75 CPT-Arithmetic, 28 CPT-Elementary Algebra, 260 NGA-Arithmetic or 230 NGA-Quantitative Reasoning, Algebra and Statistics.
Course Competencies
Upon successful completion of the course, the student should be able to:
- Summarize economics and its relationship to the other social sciences.
- Explain the basic microeconomic concept.
- Illustrate graphs in economics analysis.
- Analyze graphs in economics analysis.
- Evaluate the role of rational self-interest in microeconomic analysis.
- Analyze household behavior in product and factor markets.
- Analyze producer behavior in product and factor markets.
- Characterize the four basic market models.
- Prescribe microeconomic policy to both product and resource/factor markets.
- Appraise the situation of global poverty.
- Examine the distribution of income in the U.S.
- Investigate antitrust policy in the U.S. economy.
- Solve a variety of economic problems using mathematical methods.
Course Schedule
Currently no sections of this class are being offered.