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Courses may be offered in one of the following modalities:

Traditional in-person courses (0–29 percent of coursework is delivered online, the majority being offered in person.)
Hybrid/blended courses (30–79 percent of coursework is delivered online.)
Online courses (100 percent of coursework is delivered online, either synchronously on a designated day and time or asynchronously as a deadline-driven course.)
Hyflex (Students will be assigned to attend in-person or live streamed sessions as a reduced-size cohort on a rotating basis; live sessions are also recorded, offering students the option to participate synchronously or view asynchronously as needed.)

If you are enrolled in courses delivered in traditional or hybrid modalities, you will be expected to attend face-to-face instruction as scheduled.

The Price System (ECA-111)

Semester:	Spring 2025
Number:	0203-111-003
Instructor:	TBA
Days:	Tuesday Thursday 9:25 am - 10:40 am
Note:	Traditional In-Person Class
Location:	Garden City - Science Building 322
Credits:	3
Status:	This Course is Filled to Capacity
Course Materials:	View Text Books
Related Syllabi:	Soon Ryoo for Fall 2009*
	*Attention Students: Please note that the syllabi available for your view on these pages are for example only. The instructors and requirements for each course are subject to change each semester. If you enroll in a particular course, your instructor and course outline may differ from what is presented here.
Description:	An analysis of economic decision making, combined with the study of contemporary economic institutions, problems and policy alternatives. Examines scarcity and choice, the price mechanism and planning, the structure of American business and labor, and issues such as income distribution and the role of government in economic affairs. (Distribution Reqs:Social Sciences)
Learning Goals:	Upon completion of this course, the successful student should be able to:Understand the Foundation of Economics: The Economizing Problem Understand How Prices and Output Quantities are Determined. Identify the Characteristics of the Market System Measure the sensitivity level of demand as price changes. Understand how firms make production decisions. Understand how firms make production decisions in the four different market models: pure competition, pure monopoly, monopolistic competition and Microeconomics of resource markets *The learning goals displayed here are those for one section of this course as offered in a recent semester, and are provided for the purpose of information only. The exact learning goals for each course section in a specific semester will be stated on the syllabus distributed at the start of the semester, and may differ in wording and emphasis from those shown here.

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