ECO 131 Principles of Economics I (Microeconomics) 3 credits
This course introduces students to the production possibility frontier, supply and demand, elasticity, cost and product curves, market structures, factor markets and trade based on comparative advantage. Applications of microeconomic principles to business, households and government are emphasized in this course. R, W1 (3 lecture hours) IAI: S3 902
Prerequisite: MAT 092 or appropriate placement score