Dec 09, 2021  
2020-2021 Catalog 
2020-2021 Catalog [ARCHIVED CATALOG]

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ECON& 201 - Micro Economics

5 credits

Recommended Preparation
ECON& 202  

MATH 060 , READ 080 , or instructor permission.

An introduction to microeconomics. A study of the decision-making processes of individual economic units including businesses and consumers. Basic theoretical tools are applied to problems of current interest.

Theory Hours
5 theory hours.

AA Specified Elective
Satisfies social science distribution area B requirement or specified elective for the AA degree.

Course Outcomes
  • Describe and apply principles of Supply and Demand analysis to market situations
  • Calculate how firms maximize profits under variety of market structures
  • Describe and apply microeconomic principles to current issues of healthcare, agriculture, global trade, and labor markets
  • Describe and analyze the decision-making of the business firm regarding input choices , including labor, materials, and capital
  • Describe and apply methods of present-value analysis as a tool for investment decisions

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