ECO 202 Principles of Microeconomics

3 credit(s)

Note: Students with an intended major at Virginia Tech in Human Nutrition, Foods and Exercise may choose PSY 216 , PSY 230 or SOC 200 as an alternative to ECO 202.

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.

This is a Passport Transfer course. Lecture 3 hours per week.

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ECO 202 Principles of Microeconomics