Catalog Course Search Details

 Department:    ECON&

 Course #:    201

 Credits:    5

 Variable:     No

 IUs:    5

 CIP:    450601

 EPC:    n/a

 REV:    2024

 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  

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.

Contact Hours (based on 11 week quarter)

Lecture: 55

Lab: 0

Other: 0

Systems: 0

Clinical: 0

Intent: Distribution Requirement(s) Status:  

Academic Social Sciences  

Equivalencies At Other Institutions

Learning Outcomes

After completing this course, the student will be able to:

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

General Education Learning Values & Outcomes

Revised August 2008 and affects outlines for 2008 year 1 and later.

Course Contents

1. Types of competetive market situations
2. Wage determination
3. Anti-trust legislation
4. Farm problems
5. Urban economics
6. Poverty
7. International trade
8. Alternative economic systems