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    Virginia Military Institute
   
 
  Oct 19, 2017
 
 
    
2017-2018 Academic Catalogue

EC 201 - Principles of Microeconomics


Lecture Hours: 3
Lab Hours: 0
Credit Hours: 3

Principles of Microeconomics is an introduction to the study and critical analysis of the process by which individuals, firms and governments make choices and decisions as they allocate scarce resources. You will learn what a market is, how markets shape the world around us, how they work and how they fail, and how governments can make markets less or more efficient.