ECON 205 Principles of Microeconomics
This course introduces students to the fundamental concepts of microeconomics, focusing on how individuals and firms make decisions in a world of scarce resources. Key topics include supply and demand analysis, consumer behavior, production and cost theory, market structures (perfect competition, monopoly, oligopoly), and the role of government in addressing market failures. Through real-world applications and analytical tools, students will develop a strong foundation in understanding how markets work and how economic decisions affect the allocation of resources in society.
Credits
3