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Nov 21, 2024
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2024-2025 College Catalog
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ECN 205 - Microeconomic Principles
Credits: 3
Lab/Lecture: Three lecture.
Microeconomic topics of market structures, elasticity, price and output determination, and general equilibrium.
Course Outcomes:
Students will be able to:
- define economic vocabulary;
- examine and explain the structure of the American economic system;
- analyze and explain the demand cycle and consumer choice and interpret graphical representation;
- summarize market influences and theories;
- analyze the impact which world economic policy has had on business growth and development within the USA;
- discuss how market failure costs the U.S. economy;
- and explain what factor markets are and discuss how they function.
General Education: Social/Behavioral Sciences.
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