ECON& 201 - Microeconomics

5 credits

Recommended Preparation
ECON& 202

Prerequisites
MATH 060, READ 090, 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