ECN - 130 Principles of Microeconomics

(3 s.h.)

Prerequisite: ECN - 120 Principles of Macroeconomics.
An introductory study of how people use scarce resources to satisfy their virtually unlimited material wants and needs. The concepts emphasized are scarcity, supply and demand, and decision making by individual consumers, resource suppliers, and entrepreneurs in the product and resource markets and the resulting effects on the efficiency with which resources are used.

Lecture Hours: 45
Lab Hours: 0
Clinical Hours: 0
Work Experience Hours: 0

Equivalent to 80-134, ECON-111.