Apr 12, 2024  
2023-2024 Catalog 
2023-2024 Catalog
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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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