Principles of Microeconomics

Course Type: 
Undergraduate
Course Prefix: 
ECO
Course Number: 
251
General Education Requirements: 
S
Credits: 
3 sem. hrs.
Semesters Offered: 
Fall

Survey of fundamental concepts. Emphasis is placed on decision-making by households as they allocate their resources for maximum satisfaction and by business firms concerning levels of output, employment and prices. Analysis of the role of competition in the free-market, private enterprise economic system. Prerequisite: Sophomore standing.