ECO 202 - Principles of Microeconomics at Southside Virginia Community College

Course Description

Effective: 2020-05-01

Presents the fundamental microeconomic concepts, theories, and issues including the study of scarcity and opportunity cost, supply and demand, elasticities, marginal revenues and costs, profits, production and distribution. Develops an appreciation of how these economic concepts apply to consumer and business decisions, and their effect on the individual.
Lecture 3 hours. Total 3 hours per week.
3 credits

General Course Purpose

Principles of Microeconomics is a course in economics for students whose college and career paths require knowledge of the fundamentals of concepts, theories, and issues affecting consumers, businesses, and the government. Emphasis is placed upon the development of an appreciation of how these apply to consumer and business decisions, and their effect at the individual level. To that end, students will utilize economic data collection methods and models to support reasonable conclusions.

Course Objectives

Major Topics to be Included

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