ECON100 — Principles of Micro Economics
Add to Personal Bookmarks Number of Examine economic concepts, theories, and issues impacting consumers, businesses, and the government. Topics focus on scarcity, opportunity cost, marginal analysis, supply, demand and elasticity, production and costs, market structures, and government policy. Advanced Placement Exam (Micro Economics with a score of 3) and CLEP (Micro Economics with a score of 50) accepted (All Terms) Three hours lecture each week. Three Credits. Three billable hours. GENERAL EDUCATION Category: Social and Behavioral Sciences Discuss the importance of microeconomics to policy and decision-making. Explain price elasticities of demand and supply and their applications to policy formulation. Describe the costs of production-facing firms. Examine market structures using verbal and graphic approaches. Apply quantitative techniques to marginal analysis, concepts of scarcity, and opportunity cost, emphasizing their linkages to real-life business decision-making. Identify solutions to inefficient or undesirable
Prerequisites: ENGL101, MAT094, MAT015, MATH113