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.
Course Outcomes
Upon successful completion, students will ne able to:
- Think critically and formulate independent and well-considered conclusions about economic issues and
policies. - 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.
Prerequisites
Equivalent placement test scores also accepted.
Prerequisite Courses
Recommended Prereq Courses
Additional Information
This course fulfills the following GE requirements: Social Sciences/ASOT-B, Social Sciences/AAS, Social Sciences/AGS, Social Sciences/AS, Social Sciences/AAOT.