ECON 2106 Syllabus
Subject Code
ECON
Course Number
2106
Course Title
Microeconomics
Prerequisites
Degree program admission
Corequisites
Terms Offered
Offered every semester
Credit Hours
(3-0-3)
Course Description
This course provides an analysis of the ways in which consumers and business firms interact in a market economy. Topics include basic economic principles; consumer choice; behavior of profit maximizing firms; modeling of perfect competition; and monopoly, oligopoly and monopolistic competition.
Course Outcomes
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Basic Economic
Principles
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Order
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Description
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1
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Describe the scope and
methods of economics.
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2
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Describe the structure
of a market economy.
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3
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Model the fundamentals
of supply and demand.
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4
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Describe the United
States economy in comparison to other economic systems.
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5
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Describe the role of
households, firms and government (both domestic and abroad) in the economy.
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Microeconomic Theory
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Order
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Description
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1
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Explain consumer
choice using utility theory.
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2
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Describe the behavior
of profit maximizing firms.
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3
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Explain short run
costs and output decisions and long run costs and output decisions.
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4
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Explain long
elasticity and tax incidence.
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Analysis of Market
Models
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Order
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Description
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1
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Model perfect competition.
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2
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Model monopoly.
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3
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Model monopolistic
competition and oligopoly.
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4
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Explain the impact
international trade has in microeconomics.
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