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ECON 111: Principles of Microeconomics : Home

College of Business and Economics


Course Information

Title: Principles of Microeconomics ECON 111

Department: Finance and Economics

Course Prerequisite(s): MATH119

Credit Hours: 3 hours


Course Decription

This course focuses on basic microeconomic concepts such as supply and demand, market equilibrium, the concept of elasticity, consumer choice, utility, production and costs, the theory of perfect competition, monopoly and monopolistic competition.

Course Objectives

1. To understand the fundamentals of economics.

2. To analyze the fundamental concepts of supply and demand, and market price determination.

3. To study the basics of product markets.

4. To examine alternative market structures.

5. To apply some analytical and critical thinking tools used by economists.

6. To relate the information discussed in the course to the current economic situation.