Principles of Microeconomics Syllabus for 2021-2022
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ECON-2302-002 Principles of Microeconomics


Course Description

Analysis of the behavior of individual economic agents, including consumer behavior and demand, producer behavior and supply, price and output decisions by firms under various market structures, factor markets, market failures and international trade.

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Students enrolled in an educational program in preparation for obtaining certain occupational licenses are potentially ineligible for such license if the student has been convicted of an offense. For further information, please contact:

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(3 sem hrs; 3 lec)

Class Type

Online Course

Syllabus Information


Principles of Microeconomics 3e - Lee Coppock and Dirk Mateer

Note: You will need the version of the textbook that includes the access code for INQUIZITIVE and Smartwork5.


Paper, pencil, and calculator.

Student Performance

  1. Define economics, state the nature of the "economic problem," and identify the three basic questions that all economic systems must answer.
  2. Construct a production possibility curve and explain how it illustrates concepts of opportunity costs, productive efficiency, and economic growth.
  3. Use elasticity of supply and demand to determine relative changes in price and quantity and cite practical application of these concepts.
  4. Describe the costs and revenues of production to include: fixed, average, variable, and marginal by use of graphs and mathematics.
  5. Apply game theory to economic analysis.
  6. Determine the profit maximization point of price and quantity of resources of pure competition and monopsony in the input markets by use of marginal analysis.
  7. Explain the advantages and disadvantage of government intervention in attempts of price floors and ceilings, public goods, inequality of information, and inequalities of income distribution.
  8. Explain the causes of positive and negative externalities in market economies and possible solutions.
  9. Demonstrate the advantages of free trade using the concept of comparative advantage.
  10. Use marginal analysis to make better business and personal decisions.

At the completion of the course you should show at least a minimum of 60% competency on the learning objectives listed in this syllabus.

Students Rights and Responsibilities

Student Rights and Responsibilities

Log in using the AC Connect Portal

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If you are an active staff or faculty member according to Human Resources, use "Exchange". All other students, use "AC Connect (Google) Email".

Expected Student Behavior

It is important for you to check Blackboard regularly, take good notes, and complete all assignments. You should read the material before attempting the assignments. 

Grading Criteria

I will determine your final grade with the following:

  1. Exams: 50%

  2. Assignments: 50%

All assignments and exams have strict deadlines. If you submit any work after the deadline, you will receive a zero for that assignment.

I encourage you to study with a classmate or with a study group.

I do not give extra credit.

Your final course grade will consist of an average of:

  • A = 100 to 89.5
  • B = 79.5 to 89.4
  • C = 69.5 to 79.4
  • D = 59.5 to 69.4
  • F = 59.4 and below



Week 1

Chapter 1: Five Foundations of Economics

Chapter 2: Model Building and Gains from Trade

Chapter 3: The Market at Work: Supply and Demand

Exam 1

Week 2

Chapter 4: Elasticity

Chapter 5: Market Outcomes and Tax Incidence

Chapter 6: Price Controls

Exam 2

Week 3

Chapter 7: Market Inefficiencies: Externalities and Public Goods

Chapter 8: Business Costs and Production

Chapter 9: Firms in a Competitive Market

Exam 3

Week 4

Chapter 10: Understanding Monopoly

Chapter 11: Price Discrimination

Chapter 12: Monopolistic Competition and Advertising

Exam 4

Week 5

Chapter 13: Oligopoly and Strategic Behavior

Chapter 14: The Demand and Supply of Resources

Chapter 15: Income, Inequality, and Poverty

Exam 5

Week 6

Chapter 16: Consumer Choice

Chapter 17: Behavioral Economics and Risk Taking

Chapter 18 - Health Insurance and Health Care

Exam 6

Additional Information

Syllabus Created on:

06/29/22 5:27 PM

Last Edited on:

06/29/22 5:30 PM