BEC 152 Principles of Microeconomics

Credit Hours: 
3.00
Course Description: 

Examines how decision makers address the central economic problem of scarcity through markets and other mechanisms. Covers price theory, the elements of a market system, consumer behavior, production theory, market structures, labor markets, market imperfections, and government intervention.

Prerequisites: 
Eligibility for ENG 131 (COMPASS test scores of 51 or higher on reading and 78 or higher on writing OR ASSET test scores of 33 or higher on reading and 44 or higher on writing)