University of Delaware 3 credits ECON
Students will learn how to think like economists. They will study foundational economic concepts such as opportunity cost, the interaction of demand and supply, and economic efficiency. Further, students will discover how consumers behave, how firms make decisions, and how government regulation impacts individual decision-making and market outcomes. Topics include price controls, public policy, cost and revenue concepts, and market structures. Corequisite: One of the following: MATH 114 , MATH 115 , or MATH 117 ; or students must achieve placement into MATH 221 , MATH 231 , or MATH 241 on the Math Placement Exam; or students must have credit for MATH 221 , MATH 241 , MATH 242 or MATH 243 .
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