Course Description Mott Community College

Principles of Economics(Microeconomics)

4/4 Division: Fine Arts & Social Sciences
Meets Gen Ed Category: Social Science
Course Requirements: Prerequisite: Placement into ENGL-100 (ACSR-100), or completion of RDNG-030, ACLT-075, or ACLT-076; ECON-221.
Description: This course analyzes the behavior of individual decision-making units in the economy (particulary households, resource suppliers, and businesses), with an emphasis on how individual firms attempt to maximize profit under different competitive conditions. Additional topics include elasticity, consumer behavior, income distribution and poverty, the demand for economic resources, public choice theory, international trade and finance, and selected current topics.
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Note: All Courses are not offered every semester.
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