ECON 130: Principles of Microeconomics

Credits 3 Class Hours3 lecture
Description

In this course, students examine the decision-making process of both households and firms. Students also analyze the functioning of a competitive market system, supply and demand models, and the role of government in cases of market failure.

Prerequisites

Qualified for ENG 100.

Semester Offered Fall, Spring
Designation
Diversification: Social Sciences — DS
Course Student Learning Outcomes (CSLOs)
  1. Distinguish between various market structures and weigh their economic and political power.
  2. Evaluate how resource scarcity and opportunity cost shape the decision-making process of both households and firms.
  3. Calculate and analyze demand, supply, market equilibrium, and the implications of these concepts for real world markets.
  4. Utilize the essential principles and relationships in microeconomics to evaluate real world phenomena.