Introduces the principles of microeconomics. Enhances the ability to recognize and analyze economic problems in the United States. Covers the American microeconomic system, which includes a familiarization with the basis of the price system and resource allocation; the operation of the firm; market concentration; regulation and antitrust policies.
Equivalent placement test scores also accepted.
Upon successful completion, students will ne able to:
- Think critically and formulate independent and well-considered conclusions about economic issues and
- Effectively participate in the political process and the economy by utilizing an understanding of the historical
evolution of economic systems, institutions and ideologies.
- Make rational decisions based on rudimentary marginal analyses.
- Understand market structures and market power.