| |
Mar 28, 2026
|
|
|
|
|
ECN 202 - Economics II
This course provides an overview of the fundamental principles of microeconomics. Students will explore topics such as supply and demand, elasticity, consumer choices, competition, monopolies, and positive and negative externalities.
Credit(s): 3
Outcomes
- Identify the basic principles of microeconomics, including scarcity, opportunity cost, and marginal analysis.
- Describe how supply and demand interact to determine prices and quantities in markets.
- Explain how elasticity affects consumer and producer behavior.
- Summarize the characteristics of different market structures (perfect competition, monopoly, monopolistic competition, and oligopoly).
- Describe how households, firms, and governments make decisions within the economy.
- Identify the role of labor markets and factors of production in determining wages and income distribution.
- Explain the impact of government policies such as price controls, taxes, and subsidies on markets.
- Summarize issues related to market failures, including externalities and public goods.
Add to Favorites (opens a new window)
|
|
