ECON 201 Principles of Microeconomics
An introduction to economic principles that govern production, exchange, distribution and consumption in a capitalist economy. Topics include supply and demand, consumer theory, production theory, and price formation in competitive and noncompetitive markets, theory of comparative advantage and international trade. Issues including scarcity, market equilibrium, elasticity, production and cost theory, market structures, and market failure are also examined. (C-ID ECON 201)
Units: 3.00
Offered: (Fa,Sp,Sm)
UC, CSU, Associate Degree Applicable
Prerequisites: Eligibility for MATH 095 as determined by the Crafton Hills College assessment process
Corequisites: None
Also Offered As: ECON 201H
Lecture: Minimum 48 hours per semester
Departmental Recommendation: Successful completion of MATH 095 and eligibility for ENGL 101