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Viewing: ECO2023: PRINCIPLES OF MICROECONOMICS

Last approved: Fri, 25 Jul 2025 15:57:15 GMT

Last edit: Fri, 25 Jul 2025 15:57:13 GMT

Main Course:
ECO2023: PRINCIPLES OF MICROECONOMICS
ECO2023
PRINCIPLES OF MICROECONOMICS
20221
Writing Credit
No
International/Intercultural
No
Elective Flag
Yes
  • Critical Thinking
    • CLO 1: 1.0 The student will define, give examples, and illustrate basic economic concepts.\n
    • CLO 2: 2.0 The student will calculate elasticity and apply the concept in various demand and supply situations.
    • CLO 3: 3.0 The student will apply the analytical basis of consumer behavior in using services and goods.
    • CLO 4: 4.0 The student will determine the theoretical optimum behavior of the firm as it seeks to maximize total profit in various market models ranging across the competitive spectrum, from pure competition to pure monopoly.
    • CLO 5: 5.0 The student will describe the basic production theory, the marginal productivity theory of income distribution, and the relationship of the latter to theories of rent, wages, interest, and profit.
    • CLO 6: 6.0 The student will explain the role of government in a modern mixed economy; the concept of market failure; externalities; and government's role in correcting externalities.
  • Global Awareness
    • CLO 1: 1.0 The student will define, give examples, and illustrate basic economic concepts.\n
    • CLO 5: 5.0 The student will describe the basic production theory, the marginal productivity theory of income distribution, and the relationship of the latter to theories of rent, wages, interest, and profit.
    • CLO 6: 6.0 The student will explain the role of government in a modern mixed economy; the concept of market failure; externalities; and government's role in correcting externalities.
  • Information Literacy
    • CLO 1: 1.0 The student will define, give examples, and illustrate basic economic concepts.\n
    • CLO 3: 3.0 The student will apply the analytical basis of consumer behavior in using services and goods.
    • CLO 5: 5.0 The student will describe the basic production theory, the marginal productivity theory of income distribution, and the relationship of the latter to theories of rent, wages, interest, and profit.
    • CLO 6: 6.0 The student will explain the role of government in a modern mixed economy; the concept of market failure; externalities; and government's role in correcting externalities.
 
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