This course is focuses on the study of decision making by individual
firms and consumers in regard to the allocation of scarce resources.
Emphasis is on the basics of supply and demand; price-output determination,
industrial organization and profit maximization, labor market analysis and
economics of developing countries. (formerly ECON C111) (Prerequisite:
None.) Advisory: ECON C102. CAN ECON 4
Course Details
Course Name & Number: ECON
103
CRN: 70166
Course Title:
Micro-Economics
Instructor: Carol Conrad
Units:
3
Class Meets: August 25 - December 12
Term:
Fall 2008
Textbook:
"Microeconomics, 7/e", Boyles and Melvin, Houghton Mifflin, 2008, paperback.
"Naked Economist: Undressing the Dismal Science", by Charles Wheelan, Burton G. Malkiel, Publisher: Norton, W.W. & Company, Inc., 2003.
Estimated Time per Week: 8-10 weekly
Skill
Level: College level reading, no pre-required courses. Macroeconomics and Microeconomics may be taken in either order. In fact, some students have been known to take them simultaneously.
Special Requirements: None
Assignments & Tests: All assignments and tests will be located on the Course Web site. The course consists of varied media and assignments - using current events.
Proctored Exams:
No
Additional Comments: In this 16-week course we will cover chapters which will introduce to you the basic principles of microeconomics. This course covers the principles of microeconomics, which is the study of how we apply the economic way of thinking to help you understand how markets allocate resources to where they are most wanted; why prices and wages rise and fall; why businesses start up and fold under; why some goods or services seem "too abundant" while others seem "too scarce"; and how governments can affect the provision and prices of goods, services, and resources.
Disclaimer: The book prices are an approximation only and are subject
to change.