Course Title
Prin Microeconomics
Course Description
This course develops the techniques necessary for an understanding of basic economics from a microeconomic standpoint. The specific topics explored include the fact of scarcity, concepts of supply and demand, cost-production decision making, the operation of a form in the product market under varying assumptions of competition, monopolistic competition, monopoly, and oligopoly, plus the operation of the firm in the factor market. This course is approved as a Social Science course for the Liberal Studies Core.
Pass/Fail Only?
No
Faculty Permission Required?
No
Credit Hours Min
3
Instructional Method
Face-To-Face
Name
Learning Objective 1
Objective
Analyze the role of markets in coordinating human activity.
Name
Learning Objective 2
Objective
Understand the role of prices as a signal to market participants.
Name
Learning Objective 3
Objective
Evaluate the pros and cons of government intervention in markets.
Name
Learning Objective 4
Objective
Understand the decision-making processes of firms and households.