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2021-2022 Catalog/Student Handbook [ARCHIVED CATALOG]

ECO 202 - Principles of Economics II Microeconomics

3 credit(s)
Prerequisite(s): demonstrated proficiency on the placement examination or successful completion of ENF 1  or ENF 2 , MTE 1 , MTE 2 , MTE 3 ,MTE 4 , MTE 5 .
Introduces the basic concepts of microeconomics. Explores the free market concepts with coverage of economic models and graphs, scarcity and choices, supply and demand, elasticities, marginal benefits and costs, profits, and production and distribution. Lecture 3 hours per week.