ECON 120 Principles of Microeconomics

Course Information

Course information
Course Number	ECON 120
Course Title	Principles of Microeconomics
Description	Microeconomics is the study of how people, businesses, governments, and other institutions make economic decisions. Topics include market price determination, income determination, resource allocation, and impacts of government policies. (Prerequisites: Next-Generation Accuplacer Reading score 250+ OR Classic Accuplacer Reading score 77+ OR MCA Reading score 1046+ OR ACT Reading 21+ OR completion of one of the following courses with a grade of C, 2.0, or higher: READ 0099, ENGL 0099, or ENGL 100 [or equivalent].)This course satisfies MnTC goal area 5 (History and the Social and Behavioral Sciences) and Goal Area 2 (Critical Thinking).
Total Credits	3
Total Hours	48

Types of Instruction: instruction type, credits, and hours
Instruction Type	Credits and Hours
Lecture	3 Credits, 48 Hours

Pre/Corequisites

Prerequisite: Next-Generation Accuplacer Reading score 250+ OR Classic Accuplacer Reading score 77+ OR MCA Reading score 1046+ OR ACT Reading 21+ OR completion of one of the following courses with a grade of C, 2.0, or higher: READ 0099, ENGL 0099, or ENGL 100 [or equivalent].

Institutional Core Competencies

Civic Engagement and Social Responsibility - Students will be able to demonstrate the ability to engage in the social responsibilities expected of a community member.

Course Competencies

Describe the economic method.
Analyze major economic institutions.
Analyze markets with the concepts of supply and demand.
Describe elasticities.
Explain consumer behavior.
Describe production costs.
Analyze perfectly competitive markets.
Analyze monopoly markets.
Analyze monopolistic competition and oligopoly.
Describe markets for productive resources.
Analyze the labor market.
Explain market failure and the role of government in market economies.
Analyze taxation and public expenditures.
Analyze international trade.

SCC Accessibility Statement

South Central College strives to make all learning experiences as accessible as possible. If you have a disability and need accommodations for access to this class, contact the Academic Support Center to request and discuss accommodations.

North Mankato: Room B-132, (507) 389-7222; Faribault: Room A-116, (507) 332-7222.

Additional information and forms can be found at: southcentral.edu/disability

This material can be made available in alternative formats by contacting the Academic Support Center at 507-389-7222.