| 9/17/2025 11:43:34 AM |
| Changed Course |
| CATALOG INFORMATION
|
| Discipline and Nbr:
ECON C2001 | Title:
PRIN OF MICROECONOMICS |
|
| Full Title:
Principles of Microeconomics |
| Last Reviewed:4/14/2025 |
| 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 2
Catalog Description:
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An introductory course using microeconomic models to understand individual decisions by consumers and firms, market outcomes including market failure, elasticity, market structures, labor markets, inequality, and the impact of government policies.
Students will engage in a broad survey of microeconomic concepts, principles, and theory. Topics include consumer demand, elasticity, business costs, revenues and profits, competitive market structures, and monopoly.
Prerequisites/Corequisites:
Prerequisites (Identical): Placement as determined by the college’s multiple measures assessment process or completion of a course taught at or above the level of elementary algebra.
Recommended Preparation:
Eligibility for ENGL C1000 (forrmerly ENGL 1A) or EMLS 10 (formerly ESL 10) or equivalent or appropriate placement based on AB705 mandates.
Limits on Enrollment:
Schedule of Classes Information
Description:
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An introductory course using microeconomic models to understand individual decisions by consumers and firms, market outcomes including market failure, elasticity, market structures, labor markets, inequality, and the impact of government policies.
Students will engage in a broad survey of microeconomic concepts, principles, and theory. Topics include consumer demand, elasticity, business costs, revenues and profits, competitive market structures, and monopoly.
(Grade or P/NP)
Prerequisites:Prerequisites (Identical): Placement as determined by the college’s multiple measures assessment process or completion of a course taught at or above the level of elementary algebra.
Recommended:Eligibility for ENGL C1000 (forrmerly ENGL 1A) or EMLS 10 (formerly ESL 10) or equivalent or appropriate placement based on AB705 mandates.
Limits on Enrollment:
Transfer Credit:UC.
Repeatability:00 - Two Repeats if Grade was D, F, NC, or NP
ARTICULATION, MAJOR, and CERTIFICATION INFORMATION
| Associate Degree: | Effective: | Fall 2025
| Inactive: | |
| Area: | D
L4
| Social and Behavioral Sciences
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: | | Effective: | | Inactive: | |
| |
| UC Transfer: | Transferable | Effective: | Fall 1981 | Inactive: | |
| |
| C-ID: |
| CID Descriptor: ECON 201 | Principles of Microeconomics | SRJC Equivalent Course(s): ECONC2001 |
Certificate/Major Applicable:
Major Applicable Course
COURSE CONTENT
Student Learning Outcomes:
At the conclusion of this course, the student should be able to:
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1. Apply the tools of supply and demand to assess prices and quantities in competitive markets.
2. Compare and contrast the production decision, profit/loss determination, and short-run and long-run for market structures ranging from pure competition to pure monopoly.
3. Evaluate the impact of government intervention on free markets.
Objectives:
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Statewide Required Objectives/Outcomes:
At the conclusion of this course, the student should be able to (Identical and Required):
1. Perform and interpret microeconomic calculations.
2. Apply microeconomic models to analyze market outcomes, including market failures and government policies.
3. Model how consumers and firms make decisions under a variety of market structures.
Statewide Required Objectives/Outcomes:
At the conclusion of this course, the student should be able to:
1. Define scarcity and measure opportunity cost in personal and professional decision making situations.
2. Interpret data and be able to illustrate the following economic models: 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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Statewide Required Topics:
1. Fundamentals of economic thinking
a. Scarcity / opportunity costs
b. Factors of production / production possibilities
c. Specialization and gains from trade
d. Marginal analysis
e. Rational behavior
f. Economic models and research methodology
2. How markets operate
a. Definition of a market
b. Supply and demand model
c. Producer / consumer surplus and efficiency
d. Government intervention
3. Elasticity
4. Consumer theory / demand
5. Producer theory
a. Production and costs
b. Accounting / economic profit
c. Short- and long-run production decisions
d. Industry structure
6. Market structures
a. Perfect competition
b. Monopoly
c. Monopolistic competition
d. Oligopoly and game theory
7. Labor markets
8. Market failure and public policy
a. Externalities
b. Public goods
c. Imperfect competition
d. Efficiency vs. equity
Expanded and Additional Local Topics:
I. The Theory of Demand and Supply
A. The law of demand, law of supply, income and substitution effects
B. Marginal utility theory and the utility-maximizing principle
C. 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. International Economics
A. The principle of comparative advantage
B. Tariffs and trade
C. Globalization and Protectionism - perceived competitive threats from firms in poor and medium-income countries
D. Analysis of low-income countries
Assignments:
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1. Read and study appropriate chapters in text (15-20 pages) per week.
2. Homework problem sets involving computation and graphing to be prepared for review and discussion (2-4)
3. Examinations; will be closed-book and no notes
4. Written assignments and chapter questions.
5. Additional assignments as determined by instructor
Statewide Required Methods of Evaluation:
Assessments for this course will include both formative and summative assignments that may include some or all of the following:
Exams and Quizzes containing one or more:
• Multiple Choice questions
• Short answers
• Problem Solving
• True/False
• Essays
Other Assessments:
• Problem sets
• Online or in-class discussions
• Presentations
• Group projects
• Experiments
• Current event analysis
• Term papers
Assessed written work may include any of the following (colleges are encouraged to work with local CSU and UC departments to determine writing requirements):
• Current event analysis
• Discussion boards
• Essay questions on exams
• Term papers
Methods of evaluation are at the discretion of local faculty.
Expanded and Additional Local Methods of Evaluation: See table below.
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 assignments and chapter questions. | |
| Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills. | Problem Solving
10 - 30% |
| 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% |
| Examinations | |
| Other: Includes any assessment tools that do not logically fit into the above categories. | Other Category
0 - 10% |
| Additional assignments as determined by instructor | |
Representative Textbooks and Materials:
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Statewide Representative Textbooks:
These are representative texts. Texts used by individual institutions and even individual sections will vary.
These are two-semester textbooks covering both Macroeconomics and Microeconomics. The onesemester edition covering only Microeconomics is acceptable as is any other equivalent textbook, including an OER textbook.
Arnold, R., Arnold, D., & Arnold, D. (2023) Economics. Mason, OH: Cengage Learning.
Colander, D. (2019) Economics. New York: McGraw-Hill Irwin.
Coppock, L. & Mateer. (2023) Principles of Economics, Norton.
The CORE Econ Team. The Economy 2.0, CORE Econ.
Cowen, T., & Tabarrok, A. (2021) Modern Principles of Economics. New York: Worth.
Frank, R. H., & Bernanke, B. S. (2024) Principles of Economics. New York: McGraw-Hill Irwin.
Greenlaw, S., Shapiro, D., & MacDonald, D. Principles of Economics 3e. Houston, TX:
OpenStax.
Hubbard, R. G., & O'Brien, A. P. (2024) Economics. Boston: Pearson.
Krugman, P. & Wells, R. (2024) Economics. New York: Worth.
Mankiw, N. G. (2024) Principles of economics. Mason, OH: Cengage Learning.
McConnell, C. R., Brue, S. L., & Flynn, S. M. Economics: Principles, problems and policies. New York: McGraw-Hill Irwin.
Parkin, M., (2023) Economics, New York: Pearson
Rittenberg, L., & Tregarthen, T. (2021) Principles of economics. Flat World Knowledge.
Schneider, G., (2024) Microeconomic Principles and Problems: A Pluralist Introduction. New York: Routledge.
Stevenson, B. & Wolfers, J. (2023) Principles of Economics, New York: Worth.
Tucker, I. B. (2023) Economics for today. Mason, OH: Cengage Learning.
Additional Local Representative Textbooks:
Principles of Microeconomics. 2nd edition. Coppock, L. and Mateer, D. W. W. Norton & Company. 2017. (classic).
Open Educational Resource:
Principles of Microeconomics. 3rd Edition. Shapiro, David et al. https://openstax.org/details/books/principles-microeconomics-3e Openstax, Rice University. 2022. Licensed under Creavtive Commons Attribution License v4.0
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