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2015-16 College Catalog

Online Catalog

ECON-102 Principles of Economics (Micro)

Micro economics introduces students to economic decision-making at the individual firm, consumer and industry level. Topics include demand and supply theory; elasticity; cost and production functions; profit maximization analysis; government regulation and anti-trust; and international trade. It is not necessary to take ECON-101 prior to ECON-102.

Credits

3

Prerequisite

Eligible to enroll in ENGL-121

Hours Weekly

3 hours weekly

Course Objectives

1. Summarize opposing sides of an economic issue.

2. Establish a point of view of an economic issue after analyzing and evaluating various opposing arguments.

3. Evaluate the relevance and validity of data used in micro-economic arguments.

4. Analyze the implications of micro-economic policies and decisions on governments, businesses or households.

5. Discuss issues of inequality from a micro-economic perspective.

6. Evaluate the impact of public policy as it relates to international trade.