Andrews University Global Campus ECON 226 Principles of Microeconomics Spring 2025, Start Date 01/13/25

Use of the mainstream economic schools of thought to explain how economic units (consumers and producers) make decisions. The role of the market in organizing economic activity is widely explained as well as the way resources are allocated in an economy through the price mechanism. Concepts like elasticities and profit maximization are computed and analyzed. Algebra used extensively.