Microeconomic principles such as consumer demand, cost of production and management are utilized to analyze the relative prosperity of the population in Georgia outside of the major urban centers. The impact of international trade, capital availability in the rural economy, environmental policies, as well as the maintenance of a viable rural industry will be important topics in this course.

3-0-3 Offered Fall, Spring, and Summer Semesters Prerequisites: Placement into MAT 105 or MAT 155 and ENG 101 This course includes the study of the behavior of households and firms, including supply and demand, elasticity, price/output in different market structures, pricing of resources, regulation and comparative advantage and trade.