EC 252 - Principles of Microeconomics

Credit Hours: 3
Contact Hours: 3

Prerequisites/Other Requirements: None

English Prerequisites: Eligible for IRW 99 and/or EN 101

Math Prerequisites:

Eligible for MA 105 or Higher
SAT Math Score of 24.5 or Higher
ALEKS score of 30 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 a variety of current social issues from an economic perspective.

Department Consent: No Department Consent Required

General Education Distribution Category Met: Social Sciences