PRINCIPLES OF MICROECONOMICS

  • Program: Economics
  • Course: Principles of Microeconomics
  • Course #: ECON2200
  • Credits: 3

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.

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).

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

Credit Details
  • Credits: 3
  • Credit Type: lecture
  • Lab Credits:  0
  • MnTC: 5 & 9
Course Details
  • Prerequisites: 
    Qualifying score on reading assessment test OR ENGL0921. Basic computer literacy skills required
  • Campus: Brooklyn Park/Eden Prairie