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Economics

ECON 202


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Credit Hours

(4-0) 4 Cr. Hrs.

Section Start Dates


Section NoStart Date
142986October 21, 2014

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Principles of Microeconomics


Course Description

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.

Prerequisites

(A requirement that must be completed before taking this course.)

Course Competencies

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.
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