ECO 211 - Microeconomics

Class: 3 Credits: 3
This course includes the study of the behavior of households and firms, including supply and demand, elasticity, price/input in different market structures, pricing of resources, regulations, and comparative advantage and trade.

Prerequisite(s): Take ENG 032 and MAT 032 and RDG 032.

Course Topics:

Opportunity Cost
Thinking on the Margin
Comparative Advantage
Supply and Demand
Price elasticity
Resource Allocation Systems
Market Intervention
Production and Cost
Pricing/Output Decisions by Market Structure

Textbooks:
Textbook information can be found on the Book Inn Web site

Required Materials:

Computer with Internet access
Word processing software (must be able to save in Word format)
Anti-virus software.
Online component access code required for online sections only.

Grading System:
A 90 - 100
B 80 - 89
C 70 - 79
D 60 - 69
F 0 - 59

Student Learning Outcomes:

Construct a marginal analysis of costs and benefits resulting in efficient resource allocation.
Interpret supply and demand models.
Calculate price elasticity, income elasticity, and cross elasticity.
Contrast various systems of resource allocation.
Assess the impact of government intervention within various markets.
Analyze short-run and long-run production costs
Apply profit maximization rules to different market structures.

For SCC Online Courses:
If the course you are taking is online, please review the SCC Online Policies that include:

Required materials for all online courses
Mandatory Attendance Requirement
Proctored Exams

Face Covering Requirements:
All faculty, staff and students must wear a face mask/covering at all times (absent a medical condition) on all SCC campuses when safe social distancing measures are not possible or difficult to follow. For further details, refer to the Student Guidelines for Face Coverings and Social Distancing on the SCC Coronavirus COVID-19 Information page.

Standard SCC Course Policies:
Please review the Standard SCC Course Polices on the following topics:

Academic Integrity
Academic Misconduct
Add/Drop period
Appeals Process
Class Attendance
Classroom Behavior (traditional and online)
Classroom Conduct/Expectations
Lab Procedures (general SCC policy regarding this)
Online Confidentiality
Services For Students with Disabilities
Withdrawal Policy

Official Course Syllabus
2020-2021