Description
ECN 201: Microeconomic Principles
Prerequisites: MAT 089 or Higher
Credits: 3 cr. hrs. (3 pds: 3 lec.)
Course Description: Economic theory as applied to individual units. Includes economic decision making, economic systems, consumer demand, producer supply, price determination, elasticity, cost-benefit analysis, and utility and profit maximization. Also includes production functions and costs, competition and market structures, government in the market economy, labor markets, and income distribution.