Principles of Microeconomics
Prerequisite: MATH 100; or MATH 102; or one year of High School Elementary Algebra with a grade of C or better; or equivalent skills as determined through the assessment process.
Advisory: MATH 120 or MATH 125 with a grade of "C" or better; or one full year of High School Algebra II with grades of "C" or better in each semester; or equivalent skills demonstrated through the assessment process.
General Education: AA/AS Area V(b); CSU Area D2; IGETC Area 4B
Course Transferable to UC/CSU
Hours: 54 hours LEC
This course is a graphical and functional analysis of the units (sectors) making up the economy. The focus is on the sectors" choices and interactions, microeconomic goals (efficiency and equity), problems, and solutions. Major topics include basic principles of economics; basic economic analyses; demand, supply, and equilibrium in a market; markets and applications; costs and production; product and resources markets; and microeconomic problems (externalities, public goods, and income inequality). Time permitting, related topics such as international trade and health economics may also be discussed. Course work includes doing arithmetic problems, solving algebraic equations, and graphing straight and curvilinear lines. (C-ID ECON 201)