ECO 202 - Principles of Microeconomics

3 cr.

Presents the fundamental microeconomic concepts, theories, and issues including the study of scarcity and opportunity cost, supply and demand, elasticities, marginal revenues and costs, profits, production and distribution. Develops an appreciation of how these economic concepts apply to consumer and business decisions, and their effect on the individual. 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.