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Dec 12, 2024
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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 107 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
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