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

ECO 211 - Microeconomics


Lecture Hours: 3 Credits: 3

Description: 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 MAT 100  and RDG 100  with a minimum grade of C.
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 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. Contrast various systems of resource allocation.
  5. Assess the impact of government intervention within various markets.
  6. Analyze short-run and long-run production costs
  7. 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 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