Facebook this Page (opens a new window)
Tweet this Page (opens a new window)
Add to Personal Bookmarks.

ECON 100 - Principles of Micro Economics

Number of Credits: 3
Examine economic concepts, theories, and issues impacting consumers, businesses, and the government. Topics focus on scarcity, opportunity cost, marginal analysis, supply, demand and elasticity, production and costs, market structures, and government policy. Advanced Placement Exam (Micro Economics with a score of 3) and CLEP (Micro Economics with a score of 50) accepted (All Terms) Three hours lecture each week. Three Credits. Three billable hours.

GENERAL EDUCATION Category: Social and Behavioral Sciences

Pre-requisite(s): eligibility for ENGL 101  , plus exemption/completion of MAT 094  , MAT 015  , or MATH 113  
Course Topics:
Scarcity, opportunity cost, marginal analysis, supply, demand and elasticity, production and costs, market structures, and government policy.
Course Objectives: Upon successful completion of this course, students will be able to:
  1. Communicate ideas in written, oral, and other modes by applying modeling techniques and basic microeconomic terminology (GE1, GE2, GE3, GE4, GE5).
  2. Discuss the importance of microeconomics to policy and decision-making (GE1, GE2, GE3, GE4, GE6).
  3. Explain price elasticities of demand and supply and their applications to policy formulation (GE1, GE2, GE3).
  4. Describe the costs of production-facing firms (GE1,GE2, GE3).
  5. Examine market structures using verbal and graphic approaches (GE1, GE2, GE4, GE5).
  6. Apply quantitative techniques to marginal analysis, concepts of scarcity, and opportunity cost, emphasizing their linkages to real-life business decision-making (GE2, GE3, GE4, GE5, GE6).
  7. Identify solutions to inefficient or undesirable outcomes arising from markets and government policies (GE1, GE2, GE3, GE4, GE5, GE6).
  8. Evaluate the concepts of resource economics and their applications to the land, labor, and capital markets through accurate, relevant, and reliable information  (GE1,GE2, GE4, GE5, GE6).
  9. Evaluate outcomes of and solutions to market and government failures(GE1, GE2, GE3,GE4, GE5, GE6, GE7)
  10. Explain the theories and processes of regulations.(GE1,GE2,GE3,GE5,GE6,GE7)
  11. Explain the income distribution in a capitalistic system and why inequalities occur (GE1,GE2,GE3,GE7).


Print-Friendly Page (opens a new window)
Add to Personal Bookmarks.
Close Window