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ECO 202 presents the fundamental microeconomic concepts, theories, and issues including the study of scarcity and opportunity cost, supply and demand, elasticities, marginal revenues and costs, profits, production, and distribution. This course develops an appreciation of how these economic concepts apply to consumer and business decisions, and their effect on the individual. This is a Passport and UCGS transfer course.
Principles of Microeconomics is a course in economics for students whose college and career paths require knowledge of the fundamentals of concepts, theories, and issues affecting consumers, businesses, and the government. Emphasis is placed upon the development of an appreciation of how these apply to consumer and business decisions, and their effect at the individual level. To that end, students will utilize economic data collection methods and models to support reasonable conclusions.