ECON 2010 Principles of Economics-Microeconomics

Assessment: Group projectsAssessment: Class assignmentsAssessment: ExamsOutcome: Students will be able to communicate microeconomic information based on casestudies.Assessment: Class assignmentsAssessment: Group discussionsC. Problem Solving (the ability to conceptualize, apply, analyze, synthesize, and/or evaluateinformation to formulate and solve problems.)1. Learning Goals:Goal: Students will acquire the tools to analyze microeconomic principles and concepts.2. Learning Outcomes and Assessments:Outcome: Students will demonstrate the ability to evaluate microeconomic information.Assessment: Class assignmentsAssessment: Group discussionsAssessment: ExamsOutcome: Students will demonstrate the ability to apply microeconomic concepts to today’seconomic situation.Assessment: Class assignmentsAssessment: Group discussionAssessment: ExamsD. Culture (knowledge of Anishinaabe traditions and culture, knowledge of one’s own traditionsand culture, knowledge of others’ traditions and cultures, and/or respect for global diversity.)1. Learning Goals:Goal: Students will be able to recognize that the microeconomic world is a small place thatrequires respect for diversity.2. Learning Outcomes and Assessments:Outcome: Students will demonstrate their knowledge of cultural economic diversity.Assessment: Group projectsAssessment: Group discussionOutcome: Students will demonstrate their awareness of how microeconomic concepts affectdifferent countries.Assessment: Class assignmentsAssessment: Group discussionDocumentation of MnTCGoal 5: History/Social Behavioral Science (Group 2)IV. Course Content (Outline the major topics covered in this course.)1. Art and Science of Economic Analysis2. Tools of Economic Analysis3. Market System4. Elasticity of Supply and Demand5. Consumer Choice and Demand6. Production and Cost in a Firm7. Perfect Competition8. Monopoly9. Monopolistic Competition and Oligopoly10. Resource Markets(revised October 2009)