ECON 203 - Principles of Economics-Micro-Environmental Issues

Institution:

Randolph-Macon College

Subject:

Description:

This course introduces the basic concepts of microeconomics and applies them to environmental problems. The focus is on the analysis of different types of product and resource markets, the notion of economic efficiency, and the conditions under which market outcomes are either efficient or inefficient. The rationale for government intervention in markets, public policies which promote efficiency, and the limitations of such policies will be covered. As part of the new curriculum which becomes effective with academic year 2005-06, this course will satisfy one Social Science Area of Knowledge requirement. It may be substituted for ECON 201 as part of the economics and business major or the economics major/minor. It is also a required course for the environmental studies major. Students may not receive credit for both ECON 201 and ECON 203. Three hours. Mr. Lang.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.rmc.edu

Phone Number:

(804) 752-7200

Regional Accreditation:

Southern Association of Colleges and Schools

Calendar System:

Four-one-four plan

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