EC 111 - Principles of Microeconomics

Institution:

Western New England University

Subject:

Description:

Not open to students who have taken EC 117 or EC 206.This course introduces students to economic principles, beginning with the issue of scarcity and choice and building to an understanding of microeconomics.Topics include characteristics of the American private enterprise economy; markets, the price system, and the allocation of resources—including the different market structures in American industry; the labor market; the role of government when social costs and private costs diverge; and the distribution of income. 3 cr.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.wne.edu

Phone Number:

(413) 782-3111

Regional Accreditation:

New England Association of Schools and Colleges

Calendar System:

Semester

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