2021-2022 Academic Catalog 
    Oct 03, 2023  
2021-2022 Academic Catalog [ARCHIVED CATALOG]

ECON 011 - Principles of Economics

This course offers an introduction to microeconomics:  the analysis of firms, consumers and markets using economic models.  The first part of the course explains how individual actors in the economy, both consumers and producers, make economic decisions and how global economic conditions can affect those decisions.  The course then examines the implications of those decisions for both competitive markets and for markets where firms can influence prices or output (such as monopoly).  The course also helps students analyze the trade-offs of government interventions in markets and situations in which the free market fails to ensure the best use of resources for a society and discusses possible solutions.

Prerequisites: ECON 010  or ECON 100 .

Course Designation/Attribute: FA

Anticipated Terms Offered: Offered every semester