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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. 1. Summarize opposing sides of an economic issue.
  2. 2. Establish a point of view of an economic issue after analyzing and evaluating various
    opposing arguments.
  3. 3. Evaluate the relevance and validity of data used in micro-economic arguments.
  4. 4. Analyze the implications of micro-economic policies and decisions on governments,
    businesses or households.
  5. 5. Discuss issues of inequality from a micro-economic perspective.
  6. 6. Evaluate the impact of public policy as it relates to international trade.

Course Objectives

  1. 1. Summarize opposing sides of an economic issue.
  2. 2. Establish a point of view of an economic issue after analyzing and evaluating various
    opposing arguments.
  3. 3. Evaluate the relevance and validity of data used in micro-economic arguments.
  4. 4. Analyze the implications of micro-economic policies and decisions on governments,
    businesses or households.
  5. 5. Discuss issues of inequality from a micro-economic perspective.
  6. 6. Evaluate the impact of public policy as it relates to international trade.