Faculty

ECON-2302 Principles of Microeconomics

Credit Spring 2024

Section(s)

Course Requirements

All class communication will be done through ACC email and Blackboard. Be sure to check your ACC email and Blackboard Announcement in a timely manner.

Blackboard and MindTap will be used for a variety of purposes in this course. In these learning platforms, students will complete an orientation quiz, be able to see their grades, view course announcements, complete exam and homework assignments, contact me, and access supplemental videos and readings.

In order to continue this course, you must earn at least an average of 80% on the orientation quiz in MindTap under the caption COURSE ORIENTATION QUIZ.

Readings

N. Gregory Mankiw, Principles of Microeconomics, 10th edition, Cengage, 2023 ISBN 13: 19780357722862

Course Subjects

Course Outline


Unit	Readings	Assignments
	Syllabus	Orientation Quiz
1	Ch 1-2: What is Economics About?	Homework on Ch 1 Homework on Ch 2
2	How Markets Work
	Ch 4: Supply and Demand	Homework on Ch 4
	Ch 5: Elasticity and Its Application	Homework on Ch 5
	Ch 6: Supply, Demand, and Government Policies	Homework on Ch 6
3	Markets and Welfare
4	Ch 7: Consumer, Producers, and the Efficiency of Markets	Homework on Ch 7
	Firm Behavior and the Organization of Industry
	Ch 14: The Costs of Production	Homework on Ch 14
	Ch 15: Firms in Competitive Markets	Homework on Ch 15
	Ch 16: Monopoly	Homework on Ch 16
5	Ch 17: Monopolistic Competition	Homework on Ch 17
	The Economics of Labor Markets
	Ch 19: The Markets for the Factors of Production	*Homework Ch 19

Student Learning Outcomes/Learning Objectives

Students who complete this course will be able to:

(1) apply the basic concepts of scarcity and opportunity cost;

(2) manipulate the basic demand and supply model to determine an equilibrium price and quantity, changes to equilibrium price and quantity, and their impact on resource allocation;

(3) critically evaluate the usage of policy in microeconomic markets;

(4) explain the theory of consumer behavior;

(5) explain the theory of the firm;

(6) model and explain the theoretical market structures of perfect competition and

imperfect competition.

Office Hours

M W 5:00 PM - 6:20 PM Zoom

NOTE There will be tutorial sessions via zoom and the details will be communicated through Blackboard