ECON 202 - Principles of Microeconomics (GEKS)
Second half of an introduction to basic principles of economics. Emphasizes microeconomic concepts of demand, supply and problems relating to prices and resource allocation.
Credit Hours: 3 hrs
Prerequisite: Level 3 math placement or above, or or above.
Economics is one of the fundamental social sciences because it systematically investigates the economic relationships and interactions among people living in a society. Students in the course acquire a basic understanding of both the subject of economics and the approach used by economists in their study of economic questions. Thus, students learn about both the content and the methodology of economics. The contemporary international economic environment is characterized by globalization and competition. This reality confronts the USA and its people with a number of economic challenges and opportunities. Economics 202 presents students with an opportunity to read about, think about and discuss these issues. In discussions and exams students are asked to apply their developing knowledge of the content and methodology of economics to an analysis of a variety of economic problems, as well as to an evaluation of government policy measures designed to respond to these problems.
Notes:
Students may receive credit in ECON 100 - Introduction to Economic Problems and Policies and ECON 201 - Principles of Macroeconomics /ECON 202 - Principles of Microeconomics, but only ECON 100 or ECON 201/ECON 202 can be used to satisfy the requirements of any university Major/Minor.
Last Updated: Note Added, 9/2015; Links 04/2011
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