- Name: Principles of Microeconomics
- Division: Career & Technical Education
- Discipline: Economics
- Units (Credits): 3.00
I. Catalog Course Description
Recommended prerequisite: MATH 95 or higher.
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
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.
This course addresses the following Student Learning Objectives of the General Education Mission by ensuring that successful students:
- Are able to demonstrate college level reading, writing, and oral communication skills.
- Possess adequate problem solving, creative reasoning, and critical thinking skills.
- Can engage in meaningful self assessments and work effectively with others.
- Utilize effective and efficient learning skills, including locating and evaluating sources of information.
- Have knowledge of the subject matter to a level that is appropriate to the emphasis of their degree.
- Develop and improve their creative abilities.
- Appreciate the need for continuing education and lifelong learning.
- Will succeed at transfer institutions.