ECN 130 - Principles of Microeconomics

3.00 Credit(s)

This course examines how the market system resolves the economic problems of scarcity. Topics explored include, 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.