ECO 251 – Principles of Microeconomics

Prerequisites: MAT 003 with Grade of P2 or P3 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 to efficiently achieve economic objectives. This course has been approved for transfer under the CAA and ICAA as a general education course in Social & Behavioral Sciences for the AA & AS degrees.  This course has been approved for transfer under the CAA and ICAA as a general education course in Social & Behavioral Sciences for the AA & AS degrees.