(4-0) 4 Cr. Hrs.
Section Start Dates
|Section No||Start Date
|142986||October 21, 2014
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Principles of Microeconomics
This course provides students with an introduction to the theory of consumer behavior, production theory, market structure in product and resource/factor markets and microeconomic policy.
(A requirement that must be completed before taking this course.)
Upon successful completion of the course, the student should be able to:
- Summarize economics and its relationship to the other social sciences.
- Explain the basic microeconomic concept.
- Illustrate graphs in economics analysis.
- Analyze graphs in economics analysis.
- Evaluate the role of rational self-interest in microeconomic analysis.
- Analyze household behavior in product and factor markets.
- Analyze producer behavior in product and factor markets.
- Characterize the four basic market models.
- Prescribe microeconomic policy to both product and resource/factor markets.
- Appraise the situation of global poverty.
- Examine the distribution of income in the U.S.
- Investigate antitrust policy in the U.S. economy.
- Solve a variety of economic problems using mathematical methods.