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.
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.
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.