ECON 120 - Principles of Microeconomics

This course is designed to build a fundamental micro economic understanding. You will study topics ranging from supply and demand in markets to production decisions facing firms. You will study the concept of elasticity and what costs are relevant to firms. You should also learn more about why you as an economic agent make the decisions you make every day. Study of these topics should help you better evaluate decisions made by businesses, consumers and government in everyday life and make you a better-informed voter. However, while economics can be used to explain many situations that occur, it is not without its shortcomings. Students should be aware that in certain situations economic explanations may be lacking and should be able to evaluate economic conclusions critically.

Prerequisites:

It is assumed that students taking Econ 120 have successfully completed MATH 010 or an equivalent course. It is assumed that students can read and critically evaluate graphs. Those of you with some economics background will have an advantage during the early part of the semester.