ECON 1020 - Microeconomics

This course is an introductory course covering a variety of economic concepts. It focuses on model building, production possibilities, scarcity and choices, opportunity costs and trade-offs, the market system, supply and demand, resource allocation in the market, government intervention and its consequences, elasticity, cost, market model (pure competition), monopoly, oligopoly, and monopolistic competition. It explores economic issues including market power, labor, positive and negative externalities and public choice.
Minimum Credits: 3
Grading: Letter
General Education Cultural Studies-Social & Behavioral