ECON& 201 - Micro Economics

Credits: 5
Variable Credit Course: No

Lecture Hours: 55
Lab Hours: 0
Worksite/Clinical Hours: 0
Other Hours (LIA/Internships): 0

Course Description: A comprehensive introduction to the functions of the market system including allocation of scarce resources, production of goods and services, determination of prices, output and profit maximization in competitive and monopolistic markets. Required for business majors planning to transfer to 4 year business programs.

Prerequisite: ENGL& 101 with a grade of C or higher; and either placement into OR co-enrollment in OR completion of a college-level Math course with a grade of C or higher.
Distribution Requirements:

Social Sciences Distribution Requirement

Meets FQE Requirement: No
Integrative Experience Requirement: No

Student Learning Outcomes

Understand basic economic concepts.
Apply basic economic concepts in the analysis of economic situations.
SOCIAL SCIENCES: Identify social variables, structures, and experiences that shape individual perspectives.

Course Contents

Types of competitive market situations
Wage determination
Anti-trust legislation
Farm problems
Urban economics
Poverty
International trade
Alternative economic systems

Instructional Units: 5