ECO 2501


Emphasis on applications of these principles to current problems. General topics include: Demand and consumer behavior, the firm and market structures, international economic relations, comparative economic systems, and current events with microeconomic content.


  1. Recognize resource scarcity as the central economic problem.
  2. Analyze how supply and demand creates the market for goods and services.
  3. Explain how supply and demand elasticity affects consumer decisions.
  4. Analyze the decisions of firms in perfectly competitive markets.
  5. Differentiate between a monopoly, monopolistic competition, and an oligopoly.
  6. Examine the market for resources as it pertains to firms.
  7. Critique the existence and regulation of corporations.
  8. Interpret poverty, pollution, and public versus private goods.


  1. ECO 2401


ECON Micro 3 (Rev: 3)

Publisher: South-Western (2012)
Author: McEachern, W. A.
ISBN: 9781285116341
Price: $65.82

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