ECO 251 — Prin of Microeconomics 3 0 3
Prerequisite(s): Complete one of the following Math courses and one of the following English courses or receive non-course credit by placement. Course 1: ENG 025 Course 2: ENG 011 Course 3: ENG 002 with a grade of P2 AND Course 1: MAT 025 OR MAT 035 Course 2: MAT 021, MAT 043, OR MAT 071 Course 3: MAT 003 with a grade of P2 Corequisite(s): None This course introduces economic analysis of individual, business, and industry choices in the market economy. Topics include the price mechanism, supply and demand, optimizing economic behavior, costs and revenue, market structures, factor markets, income distribution, market failure, and government intervention. Upon completion, students should be able to identify and evaluate consumer and business alternatives in order to efficiently achieve economic objectives. This course has been approved for transfer under the CAA and the ICAA as a general education course in Social/Behavioral Sciences. This is a Universal General Education Transfer Component (UGETC) course. Hours Per Week Class Lab Credit