This course analyzes the economic behavior of the individual components (e.g., consumers, households, businesses, industries, government) that comprise a national economy. Topics will include supply, demand, and elasticity; consumer choice; cost and productivity in the firm; various forms of competition; government involvement including antitrust laws, regulation, and deregulation; and resource markets. The use of mathematics and graphing skills will illustrate various economic principles and relationships.
Prerequisites
Placement into a college-level math.