Microeconomics explores individual decision making. The course focuses on how consumers, producers, and policy impact market outcomes; and how market factors influence consumer choices, producer decisions, and policy actions. Topics include economic decision making, consumption, production, elasticity, costs of production, market structures, market failures, resource markets, and international trade. The goal of this course is to improve personal, professional, and social decision making; better understand consumer and producer behavior; and analyze the impacts of government policy on market outcomes. Students in this college transfer course will complete a scholarly research/academic assignment.