Course Code: ECO2023

Credit Hours: 3

Effective beginning: Fall 2020


Course Description:
Microeconomics theories of product and resource markets; government and current economic problems; international economic and the world economy.

Course Details


Sarah Gambill

DeEdgra Williams



Required textbooks/ course materials:

McEachern, William A. M1cro Econ6: Principles of Microeconomics-W/Access. 6th ed. Boston: Cengage Learning. 2019. ISBN: 9781337408059


Assignment/course outline:

See your Instructor First Day Handout for individual instructor assignment schedule.


Discipline-level learning outcomes:

SS-1 Identify theories, hypotheses and research methodologies that behavioral scientists use to explain, investigate and predict behaviors and social trends.

SS-2 Use appropriate social and behavioral science investigation techniques to analyze contemporary social issues.

SS-3 Identify and investigate interdisciplinary courses in the social and behavioral sciences, such as, history, criminal justice, economics, etc. and establish how these courses are inter-related from a global perspective.

SS-4 Create and utilize current technologies in developing oral and written presentations on topics relevant to subject matter under the auspices of social and behavioral sciences.

SS-5 Identify fundamental modalities used to promote understanding of differences and commonalities within diverse cultures.


Course-level student learning outcomesDiscipline-level learning outcomesAssessment methods
  • Deliver a well-developed oral presentation.
  • Examine the microeconomic issues that pertain to the household, firm, government, and the rest of the world.
  • Contrast the differences between a monopoly, perfect competition, monopolistic competition and oligopoly.
  • Contrast the differences in economic vitality among developing and developed countries.
  • Develop an understanding of financial literacy and identity theft.
  • Discuss the significance of international trade from the global perspective.

SS-3, SS-4, SS-5

SS-2, SS-3



SS-2, SS-5


Tests, Skills Demonstration, Report/Presentation, Projects, Problem Solving


 Read all assigned materials.

Attend and participate in class discussions.

Complete study guides and notes from class discussion and lectures.

Courses taught under the auspices of the Social and Behavioral Sciences will include an oral component, oral presentations, and or classroom discussions. Note: Online and Distance Learning courses will not contain the oral component.

Chapters are as follows:

  • The Art of Science of Economic Analysis
  • Economic Tools and Economic Systems
  • Economic Decision Makers
  • Demand, Supply and Markets
  • Elasticity of Demand and Supply
  • Consumer Choice and Demand
  • Production and Cost in the Firm
  • Perfect Competition
  • Monopoly
  • Monopolistic Competition and Oligopoly
  • Resource Markets
  • Labor Markets and Labor Unions
  • Capital, Interest, Entrepreneurship, and Corporate Finance
  • Transaction Costs, Asymmetric Information, and Behavioral Economics
  • Economic Regulation and Antitrust Policy
  • Public Goods and Public Choice
  • Externalities and the Environment
  • Poverty and Redistribution
  • International Trade
  • International Finance
  • Economic Development

In addition to the aforementioned chapter listings, students will receive instructions in the following areas: buying goods and services; earning income; saving and financial investing; taxes; the use of credit and credit cards; budgeting and debt management, including student loans and secured loans; banking and financial services; planning for one’s financial future; credit reports and scores; and fraud and identity theft prevention.


College-wide policies and resources

For more specific information on Chipola's college-wide academic policies and resources available to students, visit the link below.