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.
Prerequisite
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
Upon successful completion of this course, students will be able to:
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.