Jul 15, 2026  
2025-2026 University Catalog 
    
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ECON 51400 - Microeconomics

Credit Hours: 2.00.  An introduction to microeconomic theory. Analysis of consumer demand, output and input decisions of firms, price determination, economic efficiency, market structures, and market failure.
Learning Outcomes
1. Calculate economic costs and benefits relevant for making rational decisions. 2. Identify factors that influence demand, supply, and market equilibrium. 3. Evaluate the efficiency and equity of market equilibrium and the role of government in achieving efficiency and equity.
Credits: 2.00


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