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May 12, 2024
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2022-2023 Catalog Archived
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ECO 201 - Economic Concepts
Class: 3 Credits: 3
This course is a study of micro- and macro-economic concepts and selected economic problems.
Prerequisite(s): Take ENG 032 , RDG 032 , and MAT 032 or MAT 100 , with a minimum grade of “C”.
Course Topics:
- Opportunity Cost
- Comparative Advantage
- Supply and Demand
- Price elasticity
- Production and Cost
- National Income Accounting
- Labor Market
- Monetary Policy
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.
- Analyze short-run and long-run production cost
- Apply profit maximization rules to perfectly competitive market structures.
- Examine the national income accounting process.
- Calculate unemployment and other labor market statistics.
- Assess monetary policy strategies used to promote stability in the business cycle.
For SCC Online Courses:
If the course you are taking is online, please review the SCC Online Course Policies that include:
- Identity Verification
- Required materials for all online courses
- Mandatory Attendance Requirement
- Orientation and Support
- Proctored Exams
Standard SCC Course Policies:
Please review the Standard Course Policies on the following topics:
- Academic Integrity
- Add/Drop period
- Attendance
- Classroom Conduct
- Equal Access
- IT Access
- Online Behavior
- Online Confidentiality
- Services For Students with Disabilities
- Student Concerns
- Student Help Services
- Withdrawals
Official Course Syllabus
2022-2023
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