EC 252 - Principles of Microeconomics

Credits: 3
Contact Hours: 3

Prerequisites: None

Corequisites: None

College Level Prerequisites: “GRCC College Level Math (Math ACT 18 or higher OR successful completion of MA098 or higher OR Algebra Accuplacer 76 or higher)”, “GRCC College Level Writing (English ACT 18 or higher OR successful completion of EN 097 or higher OR English (Write Placer Plus) 5 or higher)”

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