EC 201Z Principles of Microeconomics

Examines how consumers and firms make choices when facing scarce resources, and how those choices are related to government policy and market outcomes, such as prices and output.

Credits

Prerequisite

MTH 095 Intermediate Algebra with a grade of C or better.

Notes

Lower Division Transfer (LDT) Course

General Education Requirements

AAOT Social Sciences, AGS Social Science, AS Liberal Arts Core IV, AS Social Process/Institution, AS Social Science

Outcomes

Articulate the concepts of opportunity costs and trade-offs. Explain producer and consumer behavior using economic models. Analyze the relationship between supply and demand and its applications across various economic contexts. Identify the impact of market failures and government policy on efficiency and welfare.