ECON 111 Principles of Microeconomics

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Department: 
Economics
Offered: 
Every semester.

Economics is the study of how people choose when they face scarce resources. The microeconomics course analyzes the private sector of the economy, emphasizing the decision making process of consumers and business firms. The allocation of goods and services in a private enterprise system as well as the implications of market structure (pure competition, monopolistic competition, oligopoly, and monopoly) is also discussed. (Prerequisite: ECON 110.)

Course Numbers

  • ECON 111, 3 hour(s)