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| Course ID: | ECON 2106. 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 2106H, ECON 2106E | Semester Course
Offered: | Offered every year. | | Grading System: | A-F (Traditional) |
| | Course Objectives: | Microeconomics is the study of the choices made by people and firms in response to
the constraints they face and the incentives they feel. The market system - made up
of independent producers and consumers - is a particular focus: how it operates, what
it does well, and what it doesn't. Another focus is 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 | |
Syllabus:
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