Economics (ECN)

ECN 101 Fundamentals of Economics, ECN 201 Principles of Microeconomics, and ECN 202 Principles of Macroeconomics fulfill the social sciences requirement for the Associate in Arts, Associate in Science, Associate in Fine Arts, and Associate in Engineering Science degrees.

All ECN courses numbered 100 and above may be used to fulfill the social science requirement for the Associate in Liberal Studies and Associate of Applied Science degrees.

All ECN courses numbered 100 and above may also be applied to the major field and elective requirement for the AA and AS degrees.

ECN 101 Fundamentals of Economics (3)(3,0)

This course offers an overview of the foundations of economics. It includes an examination of the overall performance of the U.S. economy and its individual units. Topics studied include supply and demand, cost theory, market structures, economic growth, inflation, unemployment, the business cycle, fiscal and monetary policies, and the global economy. (Students pursuing business related or economic majors must not take this course. They must take Principles of Microeconomics and Principles of Macroeconomics instead.) (1.1) Fulfills the ECC/IAI General Education/Social Sciences requirement. IAI Course Number: S3 900 Proficiency Credit Available (2 ITC) Pass/No Credit Not Available.

In-District Tuition/Fees: $396 (effective 2019/20 academic year)

In-district tuition is subject to change based on Board approval (https://elgin.edu/pay-for-college/tuition-fees/).

Prerequisite: Reading: Grade of C or better in RDG 091 or LTC 099, or satisfaction of other placement criteria. Writing:Grade of C or better in ENG 098 or LTC 099 or satisfaction of other placement criteria. Math: Grade of C or better in MTH 098 or MTH 099, or satisfaction of other placement criteria or consent of instructor.+ Recommended: For students not planning further study in Principles of Macroeconomics or Principles of Microeconomics.

Semester(s) Offered: Fall, Spring and Summer

ECN 201 Principles of Microeconomics (3)(3,0)

A basic course introducing the core microeconomic terms and models applied to the study of individual decision makers and markets. The class includes an overview of the economic way of thinking, elasticity of demand and supply, consumer theory, production and cost theories, market structures, resource markets, and the impact of government actions in individual decision makers and markets. (1.1) Fulfills the ECC/IAI General Education/Social Sciences requirement. IAI Course Number: S3 902 Proficiency Credit Available (3 C) Pass/No Credit Not Available.

In-District Tuition/Fees: $396 (effective 2019/20 academic year)

In-district tuition is subject to change based on Board approval (https://elgin.edu/pay-for-college/tuition-fees/).

Prerequisite: Reading: Grade of C or better in RDG 091 or LTC 099, or satisfaction of other placement criteria. Writing: Grade of C or better in ENG 098 or LTC 099 or satisfaction of other placement criteria. Math: Grade of C or better in MTH 098 or MTH 099, or satisfaction of other placement criteria.+

Semester(s) Offered: Fall, Spring and Summer

ECN 202 Principles of Macroeconomics (3)(3,0)

A basic course introducing the core macroeconomic terms and models applied to the study of the U.S. economy. The class includes an overview of the economic way of thinking, the description of the key macroeconomic variables, basic models to analyze changes in the level of real output and in the price level, the role of money and the financial system, economic policies and their implications, and international economics. (1.1) Fulfills the ECC/IAI General Education/Social Sciences requirement. IAI Course Number: S3 901 Proficiency Credit Available (3 C) Pass/No Credit Not Available.

In-District Tuition/Fees: $396 (effective 2019/20 academic year)

In-district tuition is subject to change based on Board approval (https://elgin.edu/pay-for-college/tuition-fees/).

Prerequisite: Reading: Grade of C or better in RDG 091 or LTC 099, or satisfaction of other placement criteria. Writing: Grade of C or better in ENG 098 or LTC 099 or satisfaction of other placement criteria. Math: Grade of C or better in MTH 098 or MTH 099, or satisfaction of other placement criteria.+ Recommended: ECN 201 Principles of Microeconomics

Semester(s) Offered: Fall, Spring and Summer

ECN 210 Comparative Economics (3)(3,0)

This course offers an opportunity to apply the basic economic theory to compare economic systems that coexist in the world today. It builds on students' knowledge of key economic terms and analytical tools to achieve a better understanding of how different economic systems have performed in the first decade of the twenty-first century. The class studies macroeconomic and microeconomic issues of countries that have followed different economic systems and have obtained completely opposite results regarding economic prosperity. (1.1) Proficiency Credit Not Available Pass/No Credit Not Available.

In-District Tuition/Fees: $396 (effective 2019/20 academic year)

In-district tuition is subject to change based on Board approval (https://elgin.edu/pay-for-college/tuition-fees/).

Prerequisite: Grade of C or better in ECN 201 or ECN 202.

Semester(s) Offered: Varies