ECO 202 Principles of Microeconomics

An introduction to the behavior of individual consumers and businesses. Topics include human motivation, the role of prices, perfect and imperfect competition, supply and demand, market outcomes, government intervention, and selected applications. Christian perspectives on the nature of mankind, market outcomes, the role of government, and the presuppositions of modern economic analysis will be explored. For an ECO major, minor or concentration, ECO 202 must be completed at Covenant because of some unique content as a four-hour class. Prerequisite(s): MAT 141. 4 hour(s). SSC.