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809 291 - Principles of Microeconomics |
Introduces, describes, and analyzes how markets work emphasizing what they do well and how they fail and how individuals, businesses, and governments choose to use scarce resources. Includes descriptions, analyses and critiques of various methods of government intervention in the economy. Analyzes current issues using economic concepts such as income distribution, monopoly, and efficiency. Analyzes business decisions with regard to cost analysis, output determinations; the price system, mechanisms, and determination in the products and factors of production. Discusses other topics such as the environment, regulation vs. deregulation, international markets and trade, technology and economic development.
3.000 Credit hours 54.000 Lecture hours Levels: Credit Programs/Classes Schedule Types: Web Conferencing, Lecture Liberal Arts Division Humanities, Behav/Soc Sciences Department Course Attributes: Liberal Arts Course Selective, Social Science Selective Prerequisites: ( COMPASS-Prealgebra 40 or ACT Mathematics preentry assmt 19 or Credit Programs/Classes level 804 110 Minimum Grade of C or Credit Programs/Classes level 834 110 Minimum Grade of C) and ( COMPASS-Reading 80 or ACT Reading preentry assmt 19 or Credit Programs/Classes level 808 110 Minimum Grade of C) or Bachelor's Arts Y or Bachelor's Science Y |
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