ECO 202 - Principles of Microeconomics

3 cr.

Introduces the basic concepts of microeconomics. Explores the free market concepts with coverage of economic models and graphs, scarcity and choices, supply and demand, elasticities, marginal benefits and costs, profits, and production and distribution. Lecture 3 hours per week.

Prerequisite(s): Readiness to enroll in ENG 111 and competence in MTE 1-MTE 3, or completion of MTH 130 or MTH 133.