ECON& 201 - Microeconomics

5 Credits

Introduction to the economic way of thinking with applications to scarcity and choice, demand, costs, efficiency, uncertainty, market power, profit, government policy, production and allocation, property rights and wealth maximization.

Course Note Previously ECON 211.
Fees

Quarters Typically Offered
Summer Day, Online
Fall Day, Online
Winter Day, Online
Spring Day, Online

Designed to Serve Intended for college transfer students interested in economics related to consumer behavior, market equilibrium, government action in markets and business decision-making.
Active Date 2016-03-02

Grading System Decimal Grade
Class Limit 38
Contact Hours: Lecture 55 Lab 0 Worksite 0 Clinical 0 Other 0
Total Contact Hours 55
Degree Distributions:
AA

Social Science Area I

Course Outline
Demand Theory
Price Determination
Costs and Decisions
Price Taking Behavior
Price Searching Behavior
Restrictions on Competition
Profits and Rents
Externalities
Public Goods
Common Resources

Student Learning Outcomes
Each student will demonstrate the ability to recall and apply definitions and terminology.

Each student will be able to interpret material from economics texts and classroom presentations to solve microeconomic problems.

Each student will be able to use the tools of economic analysis to discover the implications of decisions.

Each student will be able to apply skills gained in the microeconomics class to the analysis and evaluation of current events.

Each number of the class will be able to identify microeconomic issues, look at evidence, evaluate it, and draw meaningful conclusions.