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Course Description

Schoolcraft is excited to offer traditional credit face-to-face, hybrid, online, and remote classes. We are committed to providing students a safe experience based on recent COVID-19 concerns.

Please see the COVID-19 web page to learn more. Keep checking the schedule for additions on our New, Added, and Late Starting Courses web page.

Economics - ECON 202

Principles of Microeconomics

4 Credit Hours
4 Lecture Hours

Course Description

This course provides students with an introduction to the theory of consumer behavior, production theory, market structure in product and resource/factor markets and microeconomic policy.

Prerequisites

(A requirement that must be completed before taking this course.)

  • MATH 47 or a minimum score of 19 ACT-Math, 25 SAT-Math, 75 CPT-Arithmetic, 28 CPT-Elementary Algebra, 260 NGA-Arithmetic or 230 NGA-Quantitative Reasoning, Algebra and Statistics.

Course Competencies

Upon successful completion of the course, the student should be able to:

  • Summarize economics and its relationship to the other social sciences.
  • Explain the basic microeconomic concept.
  • Illustrate graphs in economics analysis.
  • Analyze graphs in economics analysis.
  • Evaluate the role of rational self-interest in microeconomic analysis.
  • Analyze household behavior in product and factor markets.
  • Analyze producer behavior in product and factor markets.
  • Characterize the four basic market models.
  • Prescribe microeconomic policy to both product and resource/factor markets.
  • Appraise the situation of global poverty.
  • Examine the distribution of income in the U.S.
  • Investigate antitrust policy in the U.S. economy.
  • Solve a variety of economic problems using mathematical methods.

Course Schedule

 CourseSectionCourse TitleLocationCredit HoursInstructorsSeats Available ⁄Capacity ⁄WaitlistStatusFeeDays-Time-Room

Fall; 2021; ECONOMICS; No of Weeks : 7; Begins : 10/26/2021

 202141209Prin MicroeconomicsRMT4Winston G16/31/0Open$12.00M W  12:30 PM-02:54 PM WEBWEB
F  12:30 PM-04:02 PM WEBWEB

Fall; 2021; ECONOMICS; No of Weeks : 12; Begins : 09/21/2021

 202141206Prin MicroeconomicsMC4Winston G4/24/0Open$12.00T R  09:00 AM-11:26 AM LA110
 202141211Prin MicroeconomicsMC4Heini D4/24/0Open$12.00T R  01:30 PM-03:56 PM LA110
 202142978Prin MicroeconomicsONL4Badry P2/31/0Open$12.00 
 202142985Prin MicroeconomicsONL4Badry P8/31/0Open$12.00 
 202142999Prin MicroeconomicsONL4Hunt J10/31/0Open$12.00 

Fall; 2021; ECONOMICS; No of Weeks : 15; Begins : 08/30/2021

 202141210Prin MicroeconomicsRMT4Howie C13/31/0Open$12.00M W  01:00 PM-02:54 PM WEBWEB
 202142965Prin MicroeconomicsONL4Howie C1/31/0Open$12.00 
 202142997Prin MicroeconomicsONL4Howie C16/31/0Open$12.00 

Winter; 2022; ECONOMICS; No of Weeks : 12; Begins : 01/31/2022

 202112708Prin MicroeconomicsONL4Hunt J31/31/0Open$12.00 
 202112906Prin MicroeconomicsONL4Hunt J31/31/0Open$12.00 
 202112952Prin MicroeconomicsONL4Hunt J31/31/0Open$12.00 

Winter; 2022; ECONOMICS; No of Weeks : 15; Begins : 01/10/2022

 202111209Prin MicroeconomicsMC4Badry P20/20/0Open$12.00T R  09:00 AM-10:54 AM LA230
 202111212Prin MicroeconomicsMC4Heini D20/20/0Open$12.00M W  04:00 PM-05:54 PM LA130
 202112470Prin MicroeconomicsONL4Howie C31/31/0Open$12.00 
 202112927Prin MicroeconomicsONL4Howie C31/31/0Open$12.00 

Key: Day of the Week

  • T = Tuesday
  • R = Thursday
  • S = Saturday
  • X = Sunday