General Information

• Name: Principles of Microeconomics
• Discipline: Economics (ECON)
• Units (Credits): 3
• Schedule History: See when this course was offered over the last three years.
• Transfer Information: Courses with numbers 100 to 299: This course is designed to apply toward a WNC degree and/or transfer to other schools within the Nevada System of Higher Education, depending on the degree chosen and other courses completed. It may transfer to colleges and universities outside Nevada. For information about how this course can transfer and apply to your program of study, please contact a counselor.
• Academic Division: Social Science, Education, Humanities & Public Service

Prerequisites and Recommended Courses

• Recommended: MATH 095 or higher

Course Outline

I: Catalog Course Description

Covers supply and demand, the four types of markets (perfect competition, monopolistic competition, oligopoly and monopoly), operations of markets, consumer and enterprise behavior, and price determination.

II: Course Objectives

This course covers supply and demand, the four types of markets (perfect competition, monopolistic competition, oligopoly and monopoly), operations of markets, consumer and enterprise behavior, and price determination.

• Describe and discuss the basics of economics: opportunity costs and production curves, supply and demand, public and private sectors.
• Differentiate between the various types of firms and markets in terms of basic theory and issues for product markets.
• Contrast the different markets in terms of basic theory and issues.
• Discuss financial markets and international trade and finance.
• Find and interpret pertinent data.
• Solve homework problems using underlying mathematical theories.

III: Course Linkage

Linkage of course to educational program mission and at least one educational program outcome.

ECON 102--Principles of Microeconomics meets a General Education requirement of the following degrees: Associate of Arts, Associate of Science, Associate of Applied Science, Associate of General Studies.

ECON 102 promotes Student Learning Outcomes:
1. have college-level skills in reading, writing, and oral communication appropriate to their degree and/or emphasis.
2. can use appropriate college-level mathematical skills.
3. have problem solving, creative, and critical thinking skills.
4. have effective and efficient learning skills, including the location and evaluation of information.