3 credits
Spring 2025 Lecture Distance Learning Credit By ExaminationCore Transfer LibraryDepartmental CreditLower DivisionBehavioral/Social SciencesMicroeconomics studies the choices individuals make and the incentives that influence those choices. Emphasis is on the incentives that determine market prices and resource allocation. The role of public policy in influencing incentives and efficiency is also addressed. CTL:ISH 1042 Microeconomics
Learning Outcomes1Calculate economic costs and benefits relevant for making rational decisions
2Identify factors that influence demand, supply, and market equilibrium
3Evaluate efficiency and equity of market equilibrium and the role of government in achieving efficiency and equity