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ECON101

Economic Principles: Microeconomics

Economics College of Liberal Arts

Course Subject Code

ECON

Course Number

101

Status

Active

Course Attributes

BSS: GenEd-Breadth/Social Science, CEA: ProgCLA-CEA and Au Pair, ENAD: Minor-Arts Admin Elective, MACC: Major-Accounting, MBUS: Major-Business, MECO: Major-Economics, MMAR: Major-Marketing, NARD: Minor-Performing Arts Admin, NBUS: Minor-Business, QUAN: GenEd-Quantitative, NECO: Minor-Economics, NMUS: Minor-Museum Stud/Cultr Mgmt

Course Short Title

Econ. Prin: Microeconomics

Course Long Title

Economic Principles: Microeconomics

Course Description

Introduces students to the discipline of economics and centers upon the study of microeconomics - the decision-making process of individual consumers and firms in the economy. Includes such topics as opportunity costs, production possibilities frontier, demand and supply, markets, efficiency and equity, consumer and producer surplus, marginal utility, price controls, market failure, externalities, public goods, production and consumption, elasticities, profits, revenues, firm costs, economies of scale, diminishing returns, perfect competition, and monopoly.

Min

4

Repeatable

-

Equivalent Course(s)

-