The page uses Browser Access Keys to help with keyboard navigation. Click to learn moreSkip to Navigation

Different browsers use different keystrokes to activate accesskey shortcuts. Please reference the following list to use access keys on your system.

Alt and the accesskey, for Internet Explorer on Windows
Shift and Alt and the accesskey, for Firefox on Windows
Shift and Esc and the accesskey, for Windows or Mac
Ctrl and the accesskey, for the following browsers on a Mac: Internet Explorer 5.2, Safari 1.2, Firefox, Mozilla, Netscape 6+.

We use the following access keys on our gateway

n Skip to Navigation
k Accesskeys description
h Help
    Grand Rapids Community College
   
 
  Jan 16, 2018
 
 
    
2017-2018 Catalog
[Add to Catalog]

EC 252 - Principles of Microeconomics

Credit Hours: 3
Contact Hours: 3
Prerequisites/Other Requirements: None

English Prerequisites: Accuplacer Writing 5 and Accuplacer Reading of 65 or Higher OR Accuplacer Writing  6 or Higher OR Completion of IRW 098  or Higher (C or Higher) OR ACT English 18 or Higher OR SAT Writing 25 or Higher OR Co-Requisite of IRW 099  and EN 101  

Math Prerequisites: MA 98  or Higher (C or Higher) OR ALEKS Score of 30 or Higher OR Accuplacer Algebra Score of 76 or Higher OR SAT Math Score of 24.5 or Higher OR ACT Math Score of 18 or Higher

Corequisites: None
Description: Microeconomics is the study of how individuals, firms, and governments make choices and how these choices interact. The course begins by introducing the assumptions and core principles of economics. This will prepare students to build basic models of individual and firm behavior. We will analyze behavior in perfect competitive markets as well as imperfectly competitive market structures such as monopolies and oligopolies. We will also use economic models to study market failures caused by externalities and public goods. Students will use the skills learned to analyze current social issues from an economic perspective, including the environment, education, and poverty. 

Department Consent: No Consent
General Education Distribution Category Met: Social Sciences



[Add to Catalog]