ECON 1450 B (CRN: 15310)

Economics: Principles of Microeconomics (B)

3 credit hours

About ECON 1450 B

Study of individual economic units with particular emphasis on market interactions among firms and households.

Notes

Open to degree and PACE students

Section Description

The course examines how individuals, firms, and governments make decisions under conditions of scarcity and how these decisions shape the allocation of resources in markets. Students learn core concepts such as supply and demand, opportunity cost, elasticity, consumer choice, production and cost, market structures (perfect competition, monopoly, oligopoly), and market failures. The course emphasizes how prices act as signals and incentives, guiding efficient outcomes—or inefficiencies when markets fail—and provides the foundation for understanding real-world economic behavior and policy.

Evaluation

Weekly homework assignments and two exams

Important Dates

Last Day to Add
Last Day to Drop
Last Day to Withdraw with 50% Refund
Last Day to Withdraw with 25% Refund
Last Day to Withdraw

Resources

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ECON 1450 B is closed to new enrollment.

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