ECO 251 - Prin of Microeconomics

Class Hours 3
Lab Hours 0
Clinical Hours 0
Work Experience 0
Credit Hours 3
Minimum State Prerequisites: None
Minimum State Corequisites: None
Local Prerequisites: Take Two Groups:

Group 1: (Take All: DMA 010 , DMA 020 , DMA 030 , DMA 040 , DMA 050 ), or (Take One: MAT 003 , MAT 143 , MAT 152 , MAT 171 )

Group 2: Take One: DRE 097 , ENG 002 , ENG 110 , ENG 111
Local Corequisites: None

This course introduces economic analysis of individual, business, and industry in the market economy. Topics include the price mechanism, supply and demand, optimizing economic behavior, costs and revenue, market structures, factor markets, income distribution, market failure, and government intervention. Upon completion, students should be able to identify and evaluate consumer and business alternatives in order to efficiently achieve economic objectives.

College Transfer: This course has been approved for transfer under the CAA as a general education course in Social/Behavioral Sciences. This course has been approved for transfer under the ICAA as a general education course in Social/Behavioral Sciences. This course is a Universal General Education Transfer Component (UGETC) course.