4 credits Introduces consumer and firm behavior and the market process. Explores the economic analysis of different market structures of perfect competition, imperfect competition, and monopoly, along with the principles of income distribution and resource allocation under a market system. Some sections approach the principles of microeconomics by focusing on a particular topic or issue. Approved for University Studies (Explorations Strand F–Social Science). Grade mode designated on a CRN basis each term. Students should consult current term schedule.