ECON 2106 - Principles of Microeconomics

Description

This principles of economics course is intended to introduce students to concepts that will enable them to understand and analyze structure and performance of the market economy.

Learning Objectives

After completing this course, students will be able to:

• Demonstrate basic knowledge of the supply & demand model and determine the impact of market changes.
• Demonstrate a basic knowledge of advanced market concepts, such as elasticity, comparative advantage, specialization, and gains to trade.
• Measure microeconomic variables such as explicit & implicit costs, and analyze differences in the short-run versus the long-run.
• Evaluate and analyze levels of competitiveness in markets.
• Demonstrate a basic knowledge of externalities, government regulations, and public goods.