| Course ID: | ECON 2106E. 3 hours. |
| Course Title: | Principles of Microeconomics |
Course
Description: | Laws governing the use of scarce resources by producers and
consumers in market economies, with emphasis on the role played
by prices. The consequences of government involvement in the
economy are studied, with examples taken from current policy
issues. |
| Oasis Title: | Principles of Microeconomics |
| Duplicate Credit: | Not open to students with credit in ECON 2106, ECON 2106H |
| Nontraditional Format: | This course will be taught 95% or more online. |
Semester Course
Offered: | Offered every year. |
| Grading System: | A-F (Traditional) |
|
| Course Objectives: | Students will learn the concepts of Microeconomics, the study
of the choices made by people and firms in response to the
constraints they face and the incentives they feel. Students
will understand how the market system is made up of independent
producers and consumers, how it operates, what it does well,
and what it does not do well. Students will also learn how
government involvement affects the economy. |
| Topical Outline: | Overview of Economics
Specialization and Trade
Consumer Choice
Consumer Responsiveness - Elasticity
Supply and Demand - Markets
Restrictions on Markets
Firm Behavior
Marginal Analysis
Competition
Efficiency of Markets
Monopoly
Oligopoly and Strategic Behavior
Public Goods
Externalities
Labor and Resource Markets
International Trade
Government Behavior |