Grade only. [Prerequisite: Intermediate algebra proficiency, as determined through the Southwestern College Multiple Measures Process. Recommended Preparation: ECON 101 or equivalent; RDG 158 or equivalent or through the Southwestern College multiple measures placement processes; MATH 119 and MATH 120 or equivalent or through the Southwestern College multiple measures placement processes.] Introduces the basic analytic tools necessary to understand an economy from the microeconomic perspective. Emphasizes core topics including: choices of individual economic decision-makers, scarcity and its effects, specialization and trade, market equilibrium, elasticity, production and cost theory, market structures, factor markets, and market failure. [D; CSU; UC; C-ID ECON 201]