ECON 1020 - Microeconomics

This course is an introductory course covering a variety of macroeconomic 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.

Credits: 3

Lecture/Lab Hours: 3 lecture hrs/week

General Education Requirement: Social and Behavioral Sciences