Economics

Economics

 

PRINCIPLES OF MICROECONOMICS



Course Number: Course Title: Program Title:
ECON2200 Principles of Microeconomics Economics
Course Description:

This course will focus on tools and techniques used by economists that impact decisions made by individuals and businesses/firms. Current microeconomic issues are reviewed and analyzed as well as alternate views being provided.

Credits: Credit Type: Lab Credits:
3 lecture  3 0
MnTC: Prerequisites:
5 & 9 Qualifying score on reading assessment test OR ENGL0921. Basic computer literacy skills required
Campus:
Brooklyn Park/Eden Prairie
Course Goals:
The following goals will be addressed in the course:
Develop an understanding of basic economics
Explore the benefits of trade
Demonstrate how demand and supply determine the market equilibrium price
Explore the logic of consumer choice
Define the concept of elasticity
Explore the concepts of market failure, including externalities, public goods and asymmetric information
Examine the relationship between production function and costs
Critique the economic impact of the four types of market structures
Examine the impact of government tax, spending and antitrust policies on firms
Determine the demand and supply of the factor markets
Explore income distributions and alternatives to poverty
Explore the role of unions in determination of prices, wages and working conditions
Course Evaluation: Refer to Course Syllabus for detailed information regarding the requirements and evaluation standards for this course. The Course Syllabus will be distributed the first week of the course.
Disability Services: Hennepin Technical College offers reasonable accommodations to qualified students with disabilities. If you have a documented disability that may require accommodations, contact the college’s Disability Services Director: Sara Laviolette at Brooklyn Park (763-488-2477) or Jean Kreutter at Eden Prairie (952-995-1544).