University of Delaware 3 credits ECON
This course introduces the foundations of microeconomic theory and builds a framework for analyzing the behavior of individuals, firms, and other economic units and the interaction of these agents in the marketplace. Consumer theory, producer theory, market structures, and efficiency are covered, with an emphasis on problem-solving, marginal analysis, and equilibrium concepts. The principles provide the building blocks for economic analysis in a variety of fields, including health, environmental, development, and labor economics. Prerequisite: Must earn C- or better in ECON 101 or APEC 150 and one of the following: MATH 114 , MATH 115 , MATH 117 , MATH 221 , MATH 222, MATH 231 , MATH 232 , MATH 241 , MATH 242 , or MATH 243 . ANTIREQ: Students who received credit in ECON 251 , ECON 255 , or ECON 301 are not eligible to take this course without permission.
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