EC 104 - Principles of Microeconomics (Honors)

3 Credit(s)

This course is an introduction to microeconomic principles and their use in the analysis of economic problems. The decision-making processes of households and firms are explored. Topics include price determination and resource allocation under various market structures, market failures to optimally allocate resources, and the impact of the global economy on decision-making. Teamwork may be used to solve problems. Student groups may apply course content to examine businesses they interview. To enhance student engagement, a game format may be used to review material. This course substitutes for EC 202 on student transcripts. Students cannot receive credit for both EC 104 and EC 202. This course is restricted to university honors students.