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Economics

ECON 202


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Credit Hours

(4-0) 4 Cr. Hrs.

Section Start Dates


Section NoStart Date
122708May 5, 2014
122927May 5, 2014
132302June 30, 2014
132708June 30, 2014
141211August 25, 2014
142965August 25, 2014
142997August 25, 2014
142999September 16, 2014
246110September 16, 2014
246124August 25, 2014

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Principles of Microeconomics


Course Description

This course provides students with an introduction to the theory of consumer behavior, production theory, market structure in product and resource/factor markets and microeconomic policy.

Prerequisites

(A requirement that must be completed before taking this course.)

Course Competencies

Upon successful completion of the course, the student should be able to:

  • Summarize economics and its relationship to the other social sciences.
  • Explain the basic microeconomic concept.
  • Illustrate graphs in economics analysis.
  • Analyze graphs in economics analysis.
  • Evaluate the role of rational self-interest in microeconomic analysis.
  • Analyze household behavior in product and factor markets.
  • Analyze producer behavior in product and factor markets.
  • Characterize the four basic market models.
  • Prescribe microeconomic policy to both product and resource/factor markets.
  • Appraise the situation of global poverty.
  • Examine the distribution of income in the U.S.
  • Investigate antitrust policy in the U.S. economy.
  • Solve a variety of economic problems using mathematical methods.
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