ECO222
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Principles of Microeconomics
Business and Social Sciences Division
CLC - College of Lake County
Course Description
This course analyzes the economic decision-making of households and firms under the limitations of scarce resources. Fundamental concepts of economics including demand, supply, market equilibrium, elasticity, consumer utility, and the behavior of firms will be discussed and analyzed. The production decisions of firms will be evaluated under different market structures including perfect competition, monopoly, monopolistic competition, and oligopoly.
Minimum Credit Hours
3
Maximum Credit Hours
3
PCS Code
1.1
IAI Code
S3902
Requirements
Prerequisite: College Reading and Writing Readiness AND MTH 102 OR MTH 105 (C or better) OR higher level math course (C or better) OR AOS 122 (C or better) OR appropriate score on Math Placement Test OR appropriate score on Math ACT or SAT.