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ECN 202 Principles of Microeconomics
Credit Hours:  3
Effective Term: Fall 2017
SUN#: ECN 2202
AGEC: Social and Behavioral Sciences  
Credit Breakdown: 3 Lectures
Times for Credit: 1
Grading Option: A, B, C, D, F

Description: A descriptive analysis of the theory of consumer choice, price determination, resource allocation and income distribution. Topics include non-competitive market structures such as monopoly, oligopoly and the effects of government regulation.

Prerequisites: RDG094

Corequisites: None

Recommendations: None

Measurable Student Learning Outcomes
1. (Comprehension Level) Describe and define the major concepts in economics and analyze major
economic systems.
2. (Comprehension Level) Describe and define the determinants of supply and demand, and the effect on
equilibrium price.
3. (Application Level) Construct and demonstrate how economic models and concepts relate to fluctuations in
prices, output and factor costs.
4. (Analysis Level) Compare and contrast the differences between micro and macro economics.
5. (Analysis Level) Illustrate and point out the relationship of price elasticity as computed to revenue.
6. (Application Level) Illustrate and modify the nature of supply and demand in competitive markets.
7. (Analysis Level) Classify and categorize forms of imperfect competition and the need for regulation and
antitrust legislation.
8. (Analysis Level) Distinguish and differentiate income inequalities and the redistribution of income.
Internal/External Standards Accreditation