ECON 202 Principles of Microeconomics
Principles of governing production, price relationships, and income distribution and their application to selected problems.
General Education Competency
GEM Social and Behavioral Ways of Knowing
ECON 202Principles of Microeconomics
Please note: This is not a course syllabus. A course syllabus is unique to a particular section of a course by instructor. This curriculum guide provides general information about a course.
I. General Information
Department
Business & Economics
II. Course Specification
Course Type
General Education
General Education Competency
GEM Social and Behavioral Ways of Knowing
Semester Contact Hours Lecture
50
Semester Contact Hours Lab
0
Semester Contact Hours Clinical
0
Grading Method
Letter grade
III. Catalog Course Description
Principles of governing production, price relationships, and income distribution and their application to selected problems.
IV. Student Learning Outcomes
Upon completion of this course, a student will be able to:
- Communicate economic concepts both verbally and visually using economic graphing tools.
- Key Economic Models (Supply and Demand, Production Possibilities, Circular Flow, etc.)
- Economic Tools and Indicators (Elasticity, Economic Profits/Costs, etc.)
- Major Types of Competition
- Current Economic Issues (Wages, Immigration, etc.).
- Identify relationships between indicators and economic tools and economic trends; identify appropriate economic policies.
- Apply economic reasoning in both personal and business decisions.
- Participate in the learning process, become more fluent in economics, and utilize economic reasoning in decision making.
- Pursuit of Personal Goals
- Apply economic reasoning in both personal and business decisions.
- Global Perspective
- Communicate the relevancy and applicability of economic concepts using a global business perspective.
V. Topical Outline (Course Content)
The course consists of three units, each with its own exam, as well as a team project as a class final (see Section VI):
Unit 1: Chapter 1: Limits, Alternatives, and Choices
Chapter 2: The Market System and the Circular Flow
Chapter 3: Demand, Supply, and Market Equilibrium
Unit 2: Chapter 6: Elasticity
Chapter 7: Utility Maximization (optional)
Chapter 9: Businesses and the Costs of Production
Unit 3: Chapter 10: Pure Competition in the Short Run
Chapter 11: Pure Competition in the Long Run
Chapter 12: Pure Monopoly
Chapter 13: Monopolistic Competition and Oligopoly
Unit 4: Chapter 15: Wage Determination
Chapter 19: Antitrust Policy and Regulation
Chapter 20: Agriculture: Economics and Policy
Chapter 21: Income Inequality, Poverty, and Discrimination
Chapter 23: Immigration
VI. Delivery Methodologies
Required Assignments
Journals/Quizzes
There are a total of fifteen journals/quizzes throughout the semester. The journals may be a response to an article, exercises from the text, or assignment on any topic related to the course. Quizzes are based upon information covered in each respective chapter.
Term Paper or Guest Speaker Paper
Students are required to either write a term paper in response to an economic article or attend a guest speaker and write a paper on how they were able to apply economic concepts to what was discussed.
Required Exams
Exams
There are four section exams which correspond to the four units taught during the semester.
Required Text
Economics. Twentieth Edition. Campbell R. McConnell, Stanley L. Brue, and Sean M. Flynn. McGraw Hill, 2015.
Specific Course Activity Assignment or Assessment Requirements
Journals/Quizzes
There are a total of fifteen journals/quizzes throughout the semester. The journals may be a response to an article, exercises from the text, or assignment on any topic related to the course. Quizzes are based upon information covered in each respective chapter.
Term Paper or Guest Speaker Paper
Students are required to either write a term paper in response to an economic article or attend a guest speaker and write a paper on how they were able to apply economic concepts to what was discussed.
Exams
There are four section exams which correspond to the four units taught during the semester.
1.
2.