EC 252 - Principles of Microeconomics

Credit Hours: 3
Contact Hours: 3

Prerequisites/Other Requirements: None

English Prerequisites:

IRW 98 or Higher (C or Higher) OR
EN 97 (C or Higher) OR
Accuplacer Writing 5 or Higher OR
ACT English 18 or Higher OR
SAT Writing 25 or Higher

Math Prerequisites: MA 98 or Higher (C or Higher) OR ALEKS Score of 30 or Higher OR Accuplacer Algebra Score of 76 or Higher OR SAT Math Score of 24.5 or Higher OR ACT Math Score of 18 or Higher

Corequisites: None

Description: Microeconomics is the study of how individuals, firms, and governments make choices and how these choices interact. The course begins by introducing the assumptions and core principles of economics. This will prepare students to build basic models of individual and firm behavior. We will analyze behavior in perfect competitive markets as well as imperfectly competitive market structures such as monopolies and oligopolies. We will also use economic models to study market failures caused by externalities and public goods. Students will use the skills learned to analyze current social issues from an economic perspective, including the environment, education, and poverty.

Department Consent: No Consent

General Education Distribution Category Met: Social Sciences