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Southwest Virginia Community College

2022-2023 Catalog

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May 12, 2024

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2022-2023 Catalog [ARCHIVED CATALOG]

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ECO 202: Principles of Microeconomics

3 credit

Lecture 3 hours per week.

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.

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