ECON 252 - Principles of Microeconomics
Credit Hours: 3
Billable Contact Hours: 3
Prerequisites: RDG 090 and ENGL 090 and MATH 090 or qualifying scores on accepted placement tests
C6 General Education Social Systems Satisfier Y
MTA Social Sciences Satisfier Y
Session Cycle: FWSU
This is a survey course of the microeconomic system, including ideas relating to pricing and output determination, factor income, market efficiency, market failure, economic development, international economics and market structures.
Notes: Business Division
Theory Hours: 45
Learning Outcomes:
1. Identify/Recognize the key principles of economics, concepts of supply, demand, price and market equilibrium and mechanisms.
Applies to Business Management, A.A.S. Outcome A.
Applies to General Education Social Systems Competency Objectives A, B, and D.
2. Identify/Recognize market structures, determinants of output and price decisions made in each of the market structures.
Applies to Business Management, A.A.S. Outcome A.
Applies to General Education Social Systems Competency Objectives A, B, and D.
3. Identify/Recognize the concepts of elasticity, market efficiency and market failure.
Applies to Business Management, A.A.S. Outcome A.
Applies to General Education Social Systems Competency Objectives A, B, and D.
4. Demonstrate understanding of the principles of international trade.
Applies to Business Management, A.A.S. Outcome A.
Applies to General Education Social Systems Competency Objective C.
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