ECO 150 - Principles Of Microeconomics

An introduction to the organization and operation of a market economy with the focus on how it allocates society’s scarce resources. Consumer demand and profit maximizing behavior of the business firm are analyzed. Price and output decisions under conditions of competition are examined. Public policy issues include price ceilings and floors, competition, monopoly, organized labor and the government’s role in the market economy.

ISLOs: This course supports student development of Critical Thinking, Quantitative Literacy, and Social Responsibility.

Prerequisite(s): Completion of ECO 140.
General Education Elective(s): Social Science
Note(s): This course has been approved to meet the Core Curriculum General Education requirement.

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