Principles of Microeconomics (ECO-251)

This course introduces economic analysis of individual, business, and industry choices in the market economy. Topics include the price mechanism, supply and demand, optimizing economic behavior, costs and revenue, market structures, factor markets, income distribution, market failure, and government intervention. Upon completion, students should be able to identify and evaluate consumer and business alternatives in order to efficiently achieve economic objectives.

Credits
Class Credits	3
Lab Credits	0
Clinic Credits	0
Work Credits	0
Total Credit Hours	3

Details

Department

Economics (ECO)

Offered Fall

Yes

Offered Spring

Yes

Offered Summer

Yes

Note

Note: In accordance with the Comprehensive Articulation Agreement, this course has been approved to satisfy the Universal General Education Transfer Component requirement for social/behavioral sciences in A.A. and A.S. degree programs. This course has been approved to meet the social/behavioral sciences requirement in A.A.S. degree programs.

Disclaimer

***Please refer to the online version of the Richmond Community College Program and Course Catalog and the Student Handbook for current academic and general policies.***