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Master Course Outline
ECON& 201
Micro Economics


Credits: 5
Clock Hours per Quarter: 50

AA Discipline: [Social Sciences]

Lecture Hours:50


Description
Introduction to microeconomics as applied to production, consumption, and marketing issues in the business and production sectors of the economy. Topics include supply/demand theory, consumer choice theory, production theory, and costs of production. Student may not earn credit for both ECON& 201 and AGRI 201. Formerly ECON 202, Fundamentals of Microeconomics.

Intended Learning Outcomes
  • Define and explain economic terms.
  • Analyze economic concepts using graphical representations.
  • List and describe resource classifications..
  • Calculate optimum solutions to economic problems using given data.
  • Evaluate the effects of changes in demand and supply on the market price and equilibrium quantity.
  • Explain the rationing function of prices and describe the effect of interventions in markets.
  • Determine optimal consumer choice given various conditions.
  • Calculate various elasticities and interpret the values.
  • Describe factors that influence the values of various elasticities.
  • Perform time value of money calculations and interpret results.
  • Describe advantages and disadvantages of various forms of business organization.
  • Graph and describe the relationship between outputs and inputs.
  • Calculate, graph and describe effect on decision making of cost, revenue, and profit values.
  • Identify the relationship between output growth and changes in costs, revenues, and profit.
  • Compare and contrast characteristics and output / pricing decisions of perfectly competitive firms to the imperfectly competitive solutions.
  • Explain rationality for regulation of business and the effect of regulations.

  • Course Topics
  • Economics as a science
  • Creating and interpreting graphs
  • Scarcity and the World of Trade-offs
  • Demand and Supply
  • Consumer Choice
  • Elasticity
  • Rents, Profits and the Financial Environment of Business
  • The Firm: Cost and Output Determination
  • Market Models
  • Regulation and Antitrust behavior

  • Syllabi Listing See ALL Quarters
    Course
    Year Quarter
    Item
    Instructor  
    ECON& 201
    Winter 2015
    1643
    Debora Frazier
    ECON& 201
    Fall 2014
    0893
    Debora Frazier
    ECON& 201
    Spring 2014
    1492
    Debora Frazier
    ECON& 201
    Winter 2014
    1643
    Debora Frazier
    ECON& 201
    Winter 2014
    5730
    Sam Barker


    Two Year Projected Schedule

    Year One* Year Two**
    Fall
    Winter
    Spring
    Summer
    Mini 
    Fall
    Winter
    Spring
    Summer
    Mini
    X
    X
    X
     
     
    X
    X
    X
     
     

    *If fall quarter starts on an odd year (2003, 2005, etc.), it's Year One.
    **
    If fall quarter starts on an even year (2002, 2004, etc.), it's Year Two.