ECO 301 Microeconomics

Instructor

21 Students enrolled

Description
Curriculum

ECO – 301 Microeconomics is a self-study course whose grade is based solely on the final examination. This course of study that is necessary to be prepared for the final examination consists of fifteen lessons based on the readings from the textbook. Students should read the entire text of all of the reading assignments. There are no formal homework assignments, but students are encouraged to answer all of the review questions at the end of each chapter to ensure that they have understood the relevant course material are well prepared for the final exam.

Course Description:
This course provides an overview the principles of microeconomics. The primary objective of this course is to teach the student to understand the interaction of households and firms in specific markets. Students will study market efficiency, the tax system, the behavior of firms in the marketplace, and labor markets.

Learning Outcomes:
Upon successful completion of the course, students will be able to:

Analyze consumer behavior.
Analyze different types of market structures (monopoly, oligopoly and a competitive market).
Apply economic principles to a range of policy questions.
Compare the differences between private, common, and public goods and their significance to the economy

Contrast different market structures and the effects of the various costs of production.
Analyze the roles of opportunity cost in the decision-making process of individuals and firms.
Relate marginal utility, total utility, and diminishing utility.
Critique the role of taxation and government intervention on the effects of supply, demand, and economic growth.