ECO2023

Microeconomics

Course Code:
ECO2023

Credit Hours:
3

Effective beginning:
2022-23

 

 

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

Course Details

Instructors:

Peter Matoke
matokep@chipola.edu

DeEdgra Williams
williamsd@chipola.edu

 

 

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 behaviors and social trends, using appropriate research methodologies.

SS-2 Identify global influences on social, behavioral, and historical issue.

SS-3 Examine significant historical events.

SS-4 Identify differences and commonalities within diverse cultures.

 

Course-level learning outcomes:

Course-level student learning outcomesDiscipline-level learning outcomesAssessment methods
  • 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.
  • Describe financial literacy and identity theft.
  • Discuss the significance of international trade from the global perspective.

SS-2, SS-3

SS-2

SS-3

SS-2

SS-3

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

 

Means of accomplishing learning outcomes:

  • 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.