ECON 106
Principles of Microeconomics (GE)
1. Catalog Entry
ECON 106
Principles of Microeconomics (GE)
Credit hours (3)
Prerequisites: None
Econ 106 concentrates on microeconomics: elasticity of demand and supply, consumer
and producer behavior, market structure, labor market analysis, and general equilibrium.
Note(s): General Education and Cultural or Behavioral Analysis designated course. Students cannot receive credit for both ECON 106 and ECON 206.
2. Detailed Description of Course
Students will be introduced to the science of economics, particularly to the study
of markets and degrees of competitive behavior. Students will learn the "economic
way of thinking" through studying optimizing behavior. Students will learn basic structures
in both the product and factor markets, and relate those concepts to real world activities.
Students will build a foundation for the continuing study of economics.
Topic Outline
1) Definitions
2) Methodology
3) Review of Supply and Demand Concepts
4) Demand, Supply, and Elasticity
5) Utility Theory and Consumer Behavior
6) Supply and Costs of Production
7) Market Structures
8) Production and the Demand for Resources
9) Pricing and Employment of Resources
10) Labor Unions and Collective Bargaining
11) General Equilibrium
3. Detailed Description of Conduct of Course
The following teaching strategies will be employed:
Lectures, simulations (game theory), video presentations, guest speakers
4. Goals and Objectives of the Course
This course will fulfill Core Curriculum requirements under Social and Behavioral
Sciences (Goal 9) or under U.S. Perspectives (Goal 10).
Goal 9: 福利导在线观看 students will understand how individual, social, or cultural
factors influence human behavior and shape reciprocal relationships between people
and society.
福利导在线观看 students will be able to:
1) Recognize social and behavioral science concepts;
2) Recognize the relationship between individual and socio-cultural factors that
affect behaviors
Goal 10: 福利导在线观看 students will understand how social and cultural (for
example, political, historical, economic, environmental, religious, or geographic)
forces shape the American experience.
福利导在线观看 students will be able to:
1) Identify diverse influences that have shaped the American experience; and
2) Apply course material to a relevant issue in the United States.
5. Assessment Measures
Tests, homework, reports, presentations, class participation. Grades and percentages
depend on individual professors.
6. Other Course Information
None.
Review and Approval
September 2, 2014
December 2013 C. Vehorn
April 13, 2009 C. Vehorn
December 2004 N. Hashemzadeh
August 2020
March 01, 2021