ECON2100 Consumer Economics

Introduces students to the information and tools that will enable analysis and evaluation of alternatives concerning major consumer issues with the goal of increasing personal well-being.   (This course is not intended to satisfy the entrance prerequisites for most 4-year programs in economics, business, or accounting.)

Credits

3

Prerequisite

Qualifying score on the reading assessment test OR ENGL0921. Basic computer literacy skills required

Course Requirements and 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.

Learning Outcomes

The following outcomes will be addressed in the course:
Apply the economic way of thinking to analyze consumer issues in the U.S. economy
Identify the benefits of trade in a global world economy
Apply economic consumer optimization techniques
Apply introductory financial concepts and measures to consumers
Create a personal financial plan analysis
Discuss how taxes affect consumer incentives and investment behaviors
Identify key risk areas faced by consumers
Describe the impact of risk tied to large consumer purchases
Apply investment strategies in a simulated environment
Apply the supply and demand model to determine changes in market prices
Model insurance risk pools

Text and References

A list of textbooks required for this course is available at the bookstore.

Course Scheduling

The scheduled hours of instruction include sixteen hours for each lecture credit, thirty two hours for each lab credit and forty hours for each credit of supervised occupational experience (SOE).  Lecture credit may include formal or impromptu lectures, demonstrations or discussions with the entire class or with small groups or individuals.  Refer to the Credit Details section of this course outline for the credit breakdown.

Accommodations Statement

Disability Services assists students with disabilities who need accommodations to access programs, services and college activities.  If this applies to you, please contact the DS Office on your campus to initiate the accommodations process. 
Brooklyn Park Campus - 763-488-2477
Eden Prairie Campus – 952-995-1544

Campus

Brooklyn Park Campus Eden Prairie Campus 952-995-1300

Credit Details

lecture:

3

MnTC Goal Areas:

2 & 5