ECON 201 - Principles of Microeconomics

This course is an introduction to terms, tools, and concepts that are basic to microeconomic analysis. Specifically, it includes supply and demand analysis, consumption theories, as well as production and cost theories, externalities and international trade. It further examines firm behavior under alternative market structures in both the goods and services markets as well as the factor markets. Students who need to take both Principles of Microeconomics and Principles of Macroeconomics may fill the requirement either by taking ECON 200 & ECON 201, or ECON 205. Students may not get credit for both ECON 200 and ECON 205 or ECON 201 and ECON 205.

Credits: 3 hours
NOTE: This course fulfills the Social Scientific Mode of Inquiry of the Liberal Studies Program.
NOTE: This course counts toward the 63-hour Liberal Arts and Sciences (LAS) graduation requirement.
NOTE: Some sections of this course are writing-enhanced.