Session: 6W1

Appropriate for First Year students.

TimeDaysLocationInstructorGERCreditOPUS Class NumberSyllabus (Tentative)
1:00pm-2:20pm
M-F
New Psyc Bldg 220 (36 Eagle Ro
Kiebzak, Stephen. HSC. 41241 TBA.

May 18, 2010- June 23, 2010

Catalog Description: Prerequisite: none. Introduction to the theory of markets, including consumer and producer choice and how they interact to determine prices and resource allocations. Applications include price controls, production, market structures, environmental economics, governmental regulation of the economy, labor and capital markets, and international exchange.

Semester Details:  

Microeconomics is the study of rational choice in a world of scarce resources. It examines how buyers and sellers, consumers and producers, make decisions about the allocation of resources in a capitalistic economic system. This course covers how a market system determines the "prices" of goods and services, the "prices" of factors of production and the incomes of individuals and families. Microeconomic tools will be used to explore a wide range of economic issues such as: Are monopolies bad? What will it take to make business in the United States more competitive in a global economy? Are minimum wage laws and rent controls good for society?

Required Textbooks, Articles, and Resources

  1. Krugman and Wells. Microeconomics.
  2. Wheelan, Charles. Naked Economics.

Grading

Assignment/ExamDetails% of Total Grade
Exams, quizzes, short essay on the Wheelan book.

The schedule of courses on O.P.U.S. is the official listing of courses, including days and times they meet and the General Education Requirements they satisfy. Students should use course descriptions as general guidelines. Course requirements, grading details, book lists, and syllabi are subject to change.