This course is an introduction to: price mechanisms, supply and demand, resource allocation, analysis of market structures, distribution of income, and business decisions with regard to cost analysis.
Meets MnTC Goal 5
Course Effective Dates: 6/3/02 – Present
Outline of Major Content Areas
As noted on course syllabus
Learning Outcomes
Analyze microeconomic problems and policies.
Describe the impact of the global market on the U.S.
Discuss the economics of firms; how prices and outputs are determined.
Explain the concepts of supply and demand, and their application.
Outline the different types of industries in the U.S.
Minnesota Transfer Curriculum Goal Area(s) and Competencies Goal 05 — Hist/Soc/Behav Sci