PRINCIPLES OF MICROECONOMICS

Prerequisites & course information

Requisites: Satisfied Quantitative Reasoning (QR) A. Not open to students with credit for ECON 111 . Course Designation: Core GenEd - Mathematics & Quantitative Reasoning Comm QR - Quantitative Reasoning B Breadth - Social Science Level - Elementary L&S Credit - L&S Liberal Arts and Science Repeatable for Credit: No Last Taught: Fall 2026 Learning Outcomes: 1. Explain basic economic concepts such as scarcity, opportunity cost, supply and demand, and market failure. Audience: Undergraduate 2. Recognize how households and firms respond to incentives and make economic decisions. Audience: Undergraduate 3. Identify and apply mathematical models to answer economic questions. Audience: Undergraduate 4. Express relationships among economic variables verbally, graphically, and numerically. Audience: Undergraduate 5. Read current news articles and recognize and critique economic arguments. Audience: Undergraduate 6. Apply marginal analysis and cost-benefit analysis in a variety of settings. Audience: Undergraduate Learning Outcomes: 1. Explain basic economic concepts such as scarcity, opportunity cost, supply and demand, and market failure. Audience: Undergraduate 2. Recognize how households and firms respond to incentives and make economic decisions. Audience: Undergraduate 3. Identify and apply mathematical models to answer economic questions. Audience: Undergraduate 4. Express relationships among economic variables verbally, graphically, and numerically. Audience: Undergraduate 5. Read current news articles and recognize and critique economic arguments. Audience: Undergraduate 6. Apply marginal analysis and cost-benefit analysis in a variety of settings. Audience: Undergraduate