Jul 19, 2024  
2023-2024 Catalog 
    
2023-2024 Catalog Archived

ECO 201 - Economic Concepts


Lecture Hours: 3 Credits: 3

Description: This course is a study of micro- and macro-economic concepts and selected economic problems.

Prerequisite(s): Take ENG 032 , RDG 100  and 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 website
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:
An overall grade of C or higher is required for transferability.

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


Student Learning Outcomes:
  1. Construct a marginal analysis of costs and benefits resulting in efficient resource allocation.
  2. Interpret supply and demand models.
  3. Calculate price elasticity, income elasticity, and cross elasticity.
  4. Analyze short-run and long-run production cost
  5. Apply profit maximization rules to perfectly competitive market structures.
  6. Examine the national income accounting process.
  7. Calculate unemployment and other labor market statistics.
  8. 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


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Official Course Syllabus
2023-2024