B CUSP 200
Analysis of markets: consumer demand, production, exchange, the price system, resource allocation, government intervention. Recommended: B CUSP 123. Offered: AWSp.
An introduction to the basic principles of economics with special emphasis being placed on the microeconomic aspects of our economic system. We will study the basic principles of economics, demand, supply, price theory, labor analysis, and other operations of a private enterprise economic system. Specifically, we will delve into an in-depth study of demand and supply, market structure, revenue and cost theory, along with the theory of the firm. Up to 50 percent of course content will be through online materials and resources.
Student learning goals
understand the core concepts and theories of microeconomics
To familiarize students with the impact of consumers and business on the microeconomic process
To realize how government policy impacts microeconomics
Students will be able to evaluate a current economic topic and gain meaningful insight from a microeconomic prospective.
Students will have the opportunity to learn economic concepts in an online environment and apply those concepts in a classroom environment.
Class activities focused on student application of concepts.
General method of instruction
An inverted class teaching style. Minimum lectures with Class time heavily focused on student application of concepts. It is an active classroom environment where students will work in groups to learn the various economic principles.
Class assignments and grading
Wallstreet journal articles will be read and analyzed. a number of Critical Thinking papers and Reflection Papers will be required. Other homework will be assigned as appropriate.
Homework Exams Weekly quizzes Papers