ECN 130 - Principles of Microeconomics

3.00 Credit(s)

This course examines how the market system resolves the economic problems of scarcity. Topics explored are: supply and demand theory; the varying degrees of competition and imperfection found in the market; consumer choice; firm’s production cost in the short run and the long run; and firm’s output and the pricing and employment of resources. The impact of international trade and finance will also be discussed. 59.4 Lec. Hrs. This course satisfies a general education requirement in the Social Sciences Area.