Exposes the beginning student to introductory economic concepts directly related to the individual, the firm, and the resource owners. In an institutional context, students will study economic organization, supply and demand, utility, general price determination, cost analysis, types of competition, and the theory of production. Specific applications of factor pricing and other topics may also be covered.Liberal ArtsPrerequisite(s): high school mathematics 11 or one semester of a college mathematics course.Semester(s) Offered: Fall, Spring.