Consortium for International Studies | Evaluated Learning Experience
Microeconomics ECO 102
September 2018 - Present.
Upon successful completion of the course, students will be able to: understand that markets have two sides - one side of a market is the demand side and the other is the supply side; evaluate how market adjustments eliminate shortages and surpluses; define the four major determinants of price elasticity of demand; review the basic concepts that can be used to build a specific theory of the demand for and supply of labor; explain the six factors that contribute to income inequality are innate abilities and attributes, work and leisure, education and other training, risk taking, luck, and wage discrimination; and evaluate the theories of public choice and assess how it helps explain the behavior of politicians, especially near or at election time.
Microeconomics is a 15-week course based on a textbook and study guide. Topics include: market supply and demand, income inequality, price elastic and labor. Students are evaluated by a final examination.
In the lower division baccalaureate/associate degree category, 3 semester hours in Accounting, Business Administration, Business Management, Principles of Economics, Introduction to Microeconomics, Finance, or Mathematics (8/18).