ECON 201Z - Principles of Microeconomics

4 Credit(s)

Prerequisite(s):

WR 121Z or designated placement

Recommended Prerequisite(s): BT 168

Course Description: Examines how consumers and firms make choices when facing scarce resources, and how those choices are related to government policy and market outcomes, such as prices and output.

Course Learning Outcomes:

CLO#1: Articulate the concepts of opportunity costs and trade-offs.
CLO#2: Explain producer and consumer behavior using economic models.
CLO#3: Analyze the relationship between supply and demand and its applications across various economic contexts. (ILO: Critical Thinking)
CLO#4: Identify the impact of market failures and government policy on efficiency and welfare.

ACTI Code and Course Type
100 Lower Division Collegiate

Length of Course:
A required state minimum of (40) and a standard RCC delivery of (44) lecture hours per term, not to exceed (48) hours per term.