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:

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 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
2023-2024