Catalogue 2012 - 2013

EC 111 Principles of Microeconomics (Formerly EC 201)


3 cr.

Course 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.


This course is a prerequisite.