2024-2025 College Catalog 
    
    Oct 07, 2024  
2024-2025 College Catalog

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:
  1. define economic vocabulary;
  2. examine and explain the structure of the American economic system;
  3. analyze and explain the demand cycle and consumer choice and interpret graphical representation;
  4. summarize market influences and theories;
  5. analyze the impact which world economic policy has had on business growth and development within the USA;
  6. discuss how market failure costs the U.S. economy;
  7. and explain what factor markets are and discuss how they function.


General Education: Social/Behavioral Sciences.