Course Syllabus

Microeconomics
Chapter 1: A Brief
Economic History of the United States
Chapter 2: Resource
Utilization
Chapter 3: The
mixed Economy
Test
#1: Chapters 1 - 3
Chapter 4:
Supply and Demand Chapter 5:
Demand, Supply, and Equilibrium Chapter 6:
The Elasticities of Demand and Supply
Test
#2: Chapters 4-6
Chapter 7:
Theory of Consumer Behavior
Chapter 8: Cost
Chapter 9: Profit, Loss, and Perfect Competition
Test #3: Chapters 7-9
Chapter 10: Monopoly
Chapter 11: Monopolistic Competition
Chapter 12: Oligopogly
* Appendix 12: The Four Types of Competition
Test#4: Chapters 10-12
Chapter 13: Corporate Mergers and Antitrust
Final -- Chapter 13 & Comprehensive
F. Course Competencies
1. Define economics and how economics work.
2. Know the four basic economic resources and the incomes associated
with those resources.
3. Demonstrate an understanding of the production possibilities curve
including the concepts of opportunity cost, full employment, full
production and economic growth.
4. Demonstrate an understanding of Demand, Supply, Equilibrium,
and their applications.
5. Demonstrate an understanding of the concepts of the invisible
hand,
price mechanism, and competition.
6. Explain the role of government in our economy.
7. Recognize the differences in the the four economic systems.
8. Demonstrate an understanding of what happens when there
is a
change in damand and supply.
9. Demonstrate an understanding of elasticity of
demand and supply
how it relates to total
revenues and taxes.
10. Demonstrate an
understanding of the concepts of marginal utility
total utility,
and consumer surplus.