ECO 2501: Principles of Microeconomics


Introduces economic theory and practice, specifically the economic system of supply and demand. Includes the effect this system has on business and individuals, especially in the making of decisions. Analyzes the foundations of economic reasoning and central key terms, laws, and concepts of economic analysis and understanding.


  1. Investigate resource scarcity as the central economic problem.
  2. Analyze how supply and demand impact the market for goods and services.
  3. Explain how supply and demand elasticity affects consumer decisions.
  4. Discuss how perfectly competitive markets affect the decision-making process in business firms.
  5. Differentiate among a monopoly, monopolistic competition, and an oligopoly.
  6. Examine the market for resources as it pertains to business firms.
  7. Critique the theories of economic regulation.
  8. Interpret poverty, pollution, and public versus private goods.


  1. ECO 2401


Micro ECON6: Principles of microeconomics

Publisher: 4LTR Press (2019)
Author: McEachern, W. A.
ISBN: 9781337408066
Price: (No information available)

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