Dec 21, 2024  
2012-2013 Academic Catalogue 
    
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2012-2013 Academic Catalogue [ARCHIVED CATALOG]

EC 201 - Principles of Microeconomics

Lecture Hours: 3
Lab Hours: 0
Credit Hours: 3

Critical analysis of the behavior of individuals and firms in a market economy. Microeconomic tools of analysis are developed and applied to the problem of resource allocation and the determination of value by consumers and firms. The virtues and limitations of markets are discussed. Note: For all economics and business majors, the following courses must be completed with a grade of C or higher: MA 125 , MA 126 ; WR 101 , WR 102 ; EC 201 , EC 202 , EC 300 , EC 303 , EC 304 , EC 330 ; BU 210 , BU 211 , BU 220 , BU 230 , BU 310 , BU 330 , BU 316 , BU 339 , BU 340 . In addition, a minimum grade point average of at least a C must be earned in all department courses.