Following an initial introduction to important general economic concepts, including demand and supply, the course examines the U.S. economy from a microeconomic perspective.  It includes an analysis of (1) the theory of consumer behavior, (2) elasticity, (3) costs and supply, (4) market structure, (5) anti-trust law and regulation, and (6) factor markets. Prerequisite: MA103 (or ACT Math subscore ≥ 22)

As a result of taking this course, the student will:

1. Develop an understanding of the economic approach to looking at the world, especially the notions of scarcity and opportunity cost and the supply and demand model;
2. Appreciate how a free-market economic system functions, as well as the benefits and problems that may arise under such a system;
3. Apply the tools of economic analysis to a variety of real-world problems and discover the insights they can offer;
4. Learn to think like economists.

This course addresses the following competencies required for beginning business teachers:

• 5.1: Identify the basic features of economic systems
• 5.2: Describe the role of competitive markets
• 5.3: Describe the role of government in the economy
• 5.5: Explain the function of domestic economic institutions and economic incentives

Syllabus: EC202 Syllabus Fall 2018.doc

How to access your Aplia course

 EC 202 Microeconomics

Instructor: David A Dyer
Start Date: 10/21/2018

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