ECON 102 Principles of Economics (Micro)

Micro economics introduces students to economic decision-making at the individual firm, consumer and industry level. Topics include demand and supply theory; elasticity; cost and production functions; profit maximization analysis; government regulation and anti-trust; and international trade. It is not necessary to take ECON 101 prior to ECON 102.

Credits

3

Prerequisite

Eligible to enroll in ENGL 121

Hours Weekly

3 hours weekly

Course Objectives

1. Summarize opposing sides of an economic issue.
   
2. Establish a point of view of an economic issue after analyzing and evaluating various
   opposing arguments.
   
3. Evaluate the relevance and validity of data used in micro-economic arguments.
   
4. Analyze the implications of micro-economic policies and decisions on governments,
   businesses or households.
   
5. Discuss issues of inequality from a micro-economic perspective.
6. Evaluate the impact of public policy as it relates to international trade.

Course Objectives

1. Summarize opposing sides of an economic issue.
   

   Learning Activity Artifact

   • Other (please fill out box below)
   • "Argument Comparison" paper

   Procedure for Assessing Student Learning

   • Critical and Creative Thinking Rubric

   Critical Thinking

   • CT1
2. Establish a point of view of an economic issue after analyzing and evaluating various
   opposing arguments.
   

   Learning Activity Artifact

   • Other (please fill out box below)
   • "Argument Comparison" paper

   Procedure for Assessing Student Learning

   • Critical and Creative Thinking Rubric

   Critical Thinking

   • CT2
3. Evaluate the relevance and validity of data used in micro-economic arguments.
   

   Learning Activity Artifact

   • Other (please fill out box below)
   • "Argument Comparison" paper

   Procedure for Assessing Student Learning

   • Critical and Creative Thinking Rubric

   Critical Thinking

   • CT3
4. Analyze the implications of micro-economic policies and decisions on governments,
   businesses or households.
   

   Learning Activity Artifact

   • Other (please fill out box below)
   • Analyze presentation/worksheet/paper on a country case study of business data set.

   Procedure for Assessing Student Learning

   • Critical and Creative Thinking Rubric
5. Discuss issues of inequality from a micro-economic perspective.

   This objective is a course Goal Only

   Learning Activity Artifact

   • Other (please fill out box below)
   • Quiz questions relating to inequality issues.

   Procedure for Assessing Student Learning

   • Other (please fill out box below)
   • Rubric
6. Evaluate the impact of public policy as it relates to international trade.

   This objective is a course Goal Only

   Learning Activity Artifact

   • Other (please fill out box below)
   • Quiz questions relating to international trade issues.

   Procedure for Assessing Student Learning

   • Other (please fill out box below)
   • Rubric