| 11/21/2024 6:30:34 AM |
| Changed Course |
| CATALOG INFORMATION
|
| Discipline and Nbr:
ECON 2 | Title:
PRIN OF MICROECONOMICS |
|
| Full Title:
Principles of Microeconomics |
| Last Reviewed:10/28/2024 |
| Units | Course Hours per Week | | Nbr of Weeks | Course Hours Total |
| Maximum | 3.00 | Lecture Scheduled | 3.00 | 17.5 max. | Lecture Scheduled | 52.50 |
| Minimum | 3.00 | Lab Scheduled | 0 | 6 min. | Lab Scheduled | 0 |
| | Contact DHR | 0 | | Contact DHR | 0 |
| | Contact Total | 3.00 | | Contact Total | 52.50 |
| |
| | Non-contact DHR | 0 | | Non-contact DHR Total | 0 |
| | Total Out of Class Hours: 105.00 | Total Student Learning Hours: 157.50 | |
Title 5 Category:
AA Degree Applicable
Grading:
Grade or P/NP
Repeatability:
00 - Two Repeats if Grade was D, F, NC, or NP
Also Listed As:
Formerly:
ECON 1B
Catalog Description:
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Survey of microeconomic concepts, principles and theory. Topics include: Consumer demand, elasticity, business costs, revenues and profits, competitive market structures, monopoly, antitrust law, and international trade and finance.
Prerequisites/Corequisites:
Course Completion of MATH 154 or Course Completion of MATH 155 or higher
Recommended Preparation:
Course Eligibility for ENGL 1A
Limits on Enrollment:
Schedule of Classes Information
Description:
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Survey of microeconomic concepts, principles and theory. Topics include: Consumer demand, elasticity, business costs, revenues and profits, competitive market structures, monopoly, antitrust law, and international trade and finance.
(Grade or P/NP)
Prerequisites:Course Completion of MATH 154 or Course Completion of MATH 155 or higher
Recommended:Course Eligibility for ENGL 1A
Limits on Enrollment:
Transfer Credit:CSU;UC.
Repeatability:00 - Two Repeats if Grade was D, F, NC, or NP
ARTICULATION, MAJOR, and CERTIFICATION INFORMATION
| Associate Degree: | Effective: | Fall 1981
| Inactive: | |
| Area: | D
| Social and Behavioral Sciences
|
| |
| CSU GE: | Transfer Area | | Effective: | Inactive: |
| | D | Social Science | Fall 1981 | |
| | D2 | Economics | | |
| |
| IGETC: | Transfer Area | | Effective: | Inactive: |
| | 4 | Social and Behavioral Science | Fall 1981 | |
| | 4B | Economics | | |
| |
| CSU Transfer: | Transferable | Effective: | Fall 1981 | Inactive: | |
| |
| UC Transfer: | Transferable | Effective: | Fall 1981 | Inactive: | |
| |
| C-ID: |
| CID Descriptor: ECON 201 | Principles of Microeconomics | SRJC Equivalent Course(s): ECON2 |
Certificate/Major Applicable:
Major Applicable Course
COURSE CONTENT
Outcomes and Objectives:
At the conclusion of this course, the student should be able to:
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Upon completion of this course, students will be able to:
1. Define scarcity and measure opportunity cost in personal and professional decision making situations.
2. Construct and apply tabular, graphical and algebraic models of the production possibilities, comparative advantage, supply and demand, production, costs and market structures.
3. Evaluate the uses and limitations of price controls, assess the role of government in domestic and international market economies, and demonstrate the effects of taxes and subsidies on supply and demand curves.
Topics and Scope
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I. The theory of demand.
A. The law of demand, revisited
B. Marginal utility theory and the utility-maximizing principle
C. Income and substitution effects
D. Price elasticity of demand and other elasticity concepts
II. The theory of the firm
A. Entrepreneurship
B. Short-run production functions and the law of diminishing returns
C. Long and short-run cost functions and rising marginal costs
D. The principle of profit maximization/loss minimization
III. Industrial organization: the structure, conduct and performance
of markets
A. Pure competition
B. Monopoly
C. Monopolistic competition
D. Oligopoly
IV. Antitrust law
V. International economics
A. The principle of comparative advantage
B. Protectionism
C. The balance of payments
D. International monetary systems and the determination of foreign exchange rates
E. The U.S. trade deficit
F. Third world economic issues and problems (optional)
VI. Methodology
A. Introduction to discipline-specific research tools
B. Seminal books
C. Important periodicals, major indexing sources, professional
or trade organizations, standard reference tools
D. Discipline-specific tools and major web sites, for both national and global economics
Assignments:
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1. Read and study appropriate chapters in text.
2. Approximately 3 homework problem sets to be prepared for review
and in-class discussion.
3. Frequently assigned end-of-chapter questions to be prepared for
review and in-class discussion.
4. 2-4 in-class, closed-book, no-notes, examinations/quizzes including a final.
5. Written assignments and chapter questions
Methods of Evaluation/Basis of Grade.
| Writing: Assessment tools that demonstrate writing skill and/or require students to select, organize and explain ideas in writing. | Writing
5 - 30% |
| Written homework | |
| Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills. | Problem Solving
10 - 40% |
| Homework problems involving computation and graphing. | |
| Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams. | Skill Demonstrations
0 - 0% |
| None | |
| Exams: All forms of formal testing, other than skill performance exams. | Exams
50 - 80% |
| Quizzes and essay exams | |
| Other: Includes any assessment tools that do not logically fit into the above categories. | Other Category
0 - 0% |
| None | |
Representative Textbooks and Materials:
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Economics, 19th edition. McConnell & Brue. McGraw-Hill Companies: 2011.
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