Prerequisites: MAT 092 3 cr. hrs. (3 pds: 3 lee.) Programs: All GenEd: AGEC/Soc-Beh, AAS(Humanities) Transfer: ECN 212 (ASU), ECO 284 (NAU), ECON 201A (UA) Economic theory as applied to individual decisionmaking units. Includes economic decision making, economic systems, consumer demand, producer supply, price determination, elasticity, cost-benefit analysis, and utility and profit maximization. Also includes production functions and costs, competition and market structures, government in the market economy, labor markets, and income distribution.

Introduction to basic microeconomic principles: price theory, theory of the firm, trade and comparative advantage, public goods, taxation, welfare economics, and industrial organization. Public policy with regard to the environment, consumer protection, and other problems is also examined. (Fall, Spring, Summer) [Graded (Standard Letter)] Registration Restriction(s): Intensive English Program majors may not enroll General Education Category: Social and Behavioral Sciences