ECO 112 - Microeconomics (3 credit hours)

Offered in Fall, Winter Terms (3-0-0)
An introduction to basic microeconomic concepts and theories and their application to current economic issues. Microeconomics focuses on the behavior and decisions of individual consumers and firms. Major topics include supply and demand, the impacts of public policy, elasticity, consumer choice theory, the costs and production of firms, and the decisions of firms in competitive and monopolistic markets.
GENERAL EDUCATION DISTRIBUTION AREA: Social Science
Master Syllabi: https://share.ncmich.edu/academics/master_syllabi