EC 202 - Principles of Microeconomics

3 Credit(s)

This course provides an introduction to product and resource markets; failures of markets to effectively allocate resources; demand and supply decisions by households, businesses, and government; and the impact of international trade. Topics include market systems, consumer behavior, production functions and costs, output pricing under various market structures, and input pricing. Throughout the course, students may work in teams to solve problems. Working in groups, students may interview representatives of businesses, and use the findings from the interviews to apply course content. To further engage students, a game format may be used to review content.
This course may be used to satisfy the social science general education distribution requirement.
Prerequisite(s): Sophomore standing.