ECON 2302 - Principles of Microeconomic 4506015125

Institution:

Southwest Texas Junior College

Subject:

Description:

History, development, and application of macroeconomic and microeconomic theory underlying the production, distribution, and exchange of goods and services including the utilization of resources, analysis of value and prices, national income analysis, fiscal policies, monetary and banking theory and policy, distribution of income, labor problems, international economics, and economic systems. Attention given to the application of economic principles to economic problems. A survey of the applied business concepts of elasticities of demand and supply, consumer behavior, utility maximization, consumer and producer surplus, pricing, marginal, average, variable, fixed and total cost decisions, profitability, short and long run time horizons, market structures including perfect competition, monopoly, monopolistic competition and oligopoly, corporate mergers, antitrust regulation, income distribution and international trade. Three lecture hours per week. TSI Requirement: M1; R1; W0. Prerequisite: None

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.swtjc.net

Phone Number:

(830) 278-4401

Regional Accreditation:

Southern Association of Colleges and Schools

Calendar System:

Semester

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