ECON-222 Principles of Economics (Microeconomics)

Credits 4 / 4 Contact Hours
Prerequisite: Placement into ENGL-100 (ACSR-100) or completion of RDNG-030, ACLT-075 or ACLT-076 Prerequisite: ECON-221
This course analyzes the behavior of individual decision-making units in the economy (particulary households resource suppliers and businesses) with an emphasis on how individual firms attempt to maximize profit under different competitive conditions. Additional topics include elasticity consumer behavior income distribution and poverty the demand for economic resources public choice theory international trade and finance and selected current topics.