This course focuses on choices of individual economic decision makers within the framework
of supply and demand. Topics include: scarcity, marginality, specialization and trade,
equilibrium, elasticity, factor markets, and externalities. Price and output decisions
under competitive, imperfectly competitive, and monopolistic markets. Profit maximization
and loss minimization strategies for the individual firm are analyzed. Comparative
economic systems are also examined.
Grade Option (Letter Grade or Pass/No Pass)
- Lecture hours/semester: 48-54
- Homework hours/semester: 96-108
Prerequisites: MATH 110 or MATH 112 (offered at CSM or Skyline) or MATH 190, or appropriate score
on the College Placement Test or other multiple measures assessment that indicate
proficiency in Elementary Algebra.
Recommended: Eligibility for ENGL 100.
AA/AS Degree Requirements:DSI
(CSU GE DSI), UC (IGETC Area 4)
C-ID: ECON 201