ECON 2010

Principles of Microeconomics

Economics is based on a very simple axiom; all actions are driven by some form of incentive or incentives. The course on microeconomics identifies the nature of these incentives and how they impact the behavior of individual consumers, workers, and firms in our economy. Since almost all economic action takes place in an aggregated market, we will address the institutional and regulatory frameworks behind various types of markets to understand how these markets function and why some items have much higher prices than other items. As regulatory policies are framed by government, we will also address the role and function of government in today's economy.

Approved for arts & sciences ged ed curriculum: distribution-Social Sciences 

& Departmental Category: Theory and History of Economic Thought 

& MAPS Course: Social Science

4 credit hours (3 credit hours for lecture component; 1 credit hour for recitation component)