ECO 202 Principles of Microeconomics

3 Credit(s) QR CS

This course encompasses the economics of the firm, price theory, analysis of demand, supply, elasticity, market structures, income distribution, international trade, foreign exchange, and current issues in microeconomics. The influences of political, social, legal, environmental, global, and technological issues are discussed in the process of presenting applications of microeconomic theories and models. Discussions, quantitative and written analysis and evidence based research are encouraged. Three lecture hours per week. Required of all Economics majors and Business Administration majors. Quantitative Reasoning (QR) elective for all other majors. Prerequisite: Satisfaction of the Basic Math Competency requirement.