Course syllabus for ECON 301 Principles of Microeconomics
Course description: Study of price formation, demand, and production decisions, examines the individual and interrelated behavior of consumers, firms and industries

Miller, Donald

English

Governors State University

GOVERNORS STATE UNIVERSITYCollege of Business and Public AdministrationCourse Title:Instructor:Course NumberCredits:Trimester:Description:PrerequisitesRestrictions:Rationale:Principles of MicroeconomicsDr. Donald MillerECON 3 01ThreeS/S July/August 1993 Block IIIStudy of price formation, demand and productiondecisions, examines the individual and interrelated behavior of consumers, firms andindustries.NoneNoneA knowledge of economics is essential for aproper understanding and appreciation of thesociety in which we live. Economic eventspermeate our social, political and culturalenvironment. Unfortunately, relatively fewrecognize the importance of understanding oureconomic system and economic ignorance is therule. Without economic education how is itpossible for the citizen to make those decisionsat election time regarding stands on such issuesas inflation, unemployment, wage and pricecontrols, "excess" profits, tax level changesand government spending level changes, and theeffects of the national debt?More generally, a knowledge of economics cancontribute to an understanding of the causesof the otherwide mysterious happenings justmentioned and thereby to a greater securityof mind.Economics may also be studied for its practicalvalue in the business world. It can aid thebusinessperson to better understand the internaland external factors affecting businessoperations involving supply and demand, choiceof inputs, the level of production, prices,wages, profits, competition, labor relationsand the impact of government regulations andexpenditure.ECON 301Intendedp^ Audience: Juniors and SeniorsExpected Student Outcomes: Upon completion of this course, the studentshould be able to:(1) describe, explain, and apply supply anddemand analysis(2) explain and apply the analysis of production and costs involving the basicconcepts and their relationships(3) describe, explain, and analyze thefirm's price and output behavior underalternative market structures.Institutional The course will consist mainly of lecture/Modalities/ discussion with some laboratory work includingActivities: written assignments and video viewing.Text: Microeconomics. Byrns and Stone, 5th Edition,1992, Scott Foresman and Co.Topical Outline:Text Chapterrl Economics: The Study of Scarcity and Choice2 Scarcity in a Changing World3 Demand and Supply4 Markets and Equilibrium5 Elasticity6 Consumer Choice7 Theory of the Firm8 Production and Costs9 The Competitive Model10 Monopoly11 Monopolistic Competition and Oligopoly13 Antitrust Policy14 Competitive Labor Markets15 Imperfect Competition in Labor Markets16 Rent, Interest, Profits, and CapitalizationEvaluation: Tests and written assignments.-GeneralEducationRequirements: Fulfilled by the written assignment.NOTE: It is the intention of the institution to support fullparticipation of all students, regardless of physicalability level. Therefore, if any student needs^^ consideration of his/her physical abilities in order tof complete the course, please notify the instructor assoon as possible.

ECON 301 Principles of Microeconomics

GOVERNORS STATE UNIVERSITYCollege of Business and Public AdministrationCourse Number & Title: ECON 301A Principles of MicroeconomicsSession: Fall 1995 - Block IWednesday 7:30-10:20 p.m.Instructor: Dr. Donald MillerPhone No.: (708) 534-4966Office Hours: TBACredit Hours: 3Catalog Description:Study of price formation, demand and productthe inter-related behavior of consumers, fPrereouisites: NoneTextbook: Microeconomics,Edition, 1992, ScRestrictions: NoneRationale:A knowledge of economics is essential for a proper understandingand appreciation of the society in which we live. Economic eventspermeate our social, political and cultural environment.Unfortunately, relatively few recognize the importance ofunderstanding our economic system and economic ignorance is therule. Without economic education, how is it possible for thecitizen to make those decisions at election time regarding standson such issues as inflation, unemployment, wage and price controls,"excess" profits, tax level changes and government spending levelchanges, and the effects of the national debt?More generally, a knowledge of economics can contribute to anunderstanding of the causes of the otherwise mysterious happeningsjust mentioned and thereby to a greater security of mind.Economics may also be studied for its practical value in thebusiness world. I can aid the business person to better understandthe internal and external factors affecting business operationsinvolving supply and demand, choice of inputs, the level^ ofproduction, prices, wages, profits, competition, labor relationsand the impact of government regulations and expenditure.jspnIntended Audience:Expected StudentOutcomes:InstitutionalModalities/Activities:Text:-2- ECON 301Juniors and SeniorsUpon completion of this course, thestudent should be able to:(1) describe, explain, and apply supplyand demand analysis(2) explain and apply the analysis ofproduction and costs involving thebasic concepts and theirrelationships(3) describe, explain, and analyze thefirm's price and output behaviorunder alternative market structures.The course will consist mainly oflecture/discussion with some laboratorywork including written assignments andvideo viewing.Microeconomics * Byrns and Stone, 5thEdition, 1992, Scott Foresman and Co.Topical Outline:Text Chapter:1 Economics: The Study of Scarcity and Choice2 Scarcity in a Changing World3 Demand and Supply4 Markets and Equilibrium5 Elasticity8 Production and Costs9 The Competitive Model10 Monopoly11 Monopolistic Competition and Oligopoly13 Antitrust Policy19 Government Regulation14 Competitive Labor Markets15 Imperfect Competition in Labor Markets16 Rent, Interest, Profits, and Capitalization23 International Trade24 Comparative Systems - The Shift Toward Capitalism-3- ECON 301#^ Evaluation: Tests and written assignments.Attendance is required beginning July 12. Three absences willresult in not being allowed to take any further examinations orquizzes. Furthermore, a quiz missed due to absence, cannot be madeup.GeneralEducationRequirements: Fulfilled by the written assignment.Syllabus Statement for Persons with Disabilities:It is the intention of the institution to support fullparticipation of all students, regardless of physical abilitylevel. Therefore, if any student needs consideration of his/herphysical abilities in order to complete the course, please notifythe instructor as soon as possible.090595vt

GOVERNORS STATE UNIVERSITYCollege of Business and Public AdministrationCourse Number & Title: ECON 301 Principles of MicroeconomicsSession:Instructor:Phone No.:Office Hours:Credit Hours:Catalog Description:Study of price formation, demand and production decisions, examinesthe inter-related behavior of consumers, firms and industries.Prerequisites:Textbook:Restrictions:Rationale:Spring/Summer 1994 - Block IIITuesday/Thursday: 4:30-7:20 P.M.Dr. Donald Miller(708) 534-4966Monday/Wednesday: 3:00 - 6:00 P.M.None.Microeconomics, Byrns and Stone, 5thEdition, 1992, Scott Foresman and Co.None.A knowledge of economics is essential for a proper understandingand appreciation of the society in which we live. Economic eventspermeate our social, political and cultural environment.Unfortunately, relatively few recognize the importance ofunderstanding our economic system and economic ignorance is therule. Without economic education, how is it possible for thecitizen to make those decisions at election time regarding standson such issues as inflation, unemployment, wage and price controls,"excess" profits, tax level changes and government spending levelchanges, and the effects of the national debt?More generally, a knowledge of economics can contribute to anunderstanding of the causes of the otherwise mysterious happeningsjust mentioned and thereby to a greater security of mind.Economics may also be studied for its practical value in thebusiness world. I can. aid the business person to better understandthe internal and external factors affecting business operationsinvolving supply and demand, choice of inputs, the level ofproduction, prices, wages, profits, competition, labor relationsand the impact of government regulations and expenditure.-2- ECON 301Juniors and SeniorsIntendedAudience:Expected StudentOutcomes:InstitutionalModalities/Activities:Upon completion of this course, thestudent should be able to:(1) describe, explain, and apply supplyand demand analysis(2) explain and apply the analysis ofproduction and costs involving the basicconcepts and their relationships(3) describe, explain, and analyze the firm'sprice and output behavior underalternative market structures.The course will consist mainly of lecture/discussion with some laboratory workincluding written assignments and videoviewing.Text: Microeconomics, Byrns and Stone,Edition, 1992, Scott Foresman and Co.Topical Outline:Text Chapter:1 Economics: The Study of Scarcity and Choice2 Scarcity in a Changing World3 Demand and Supply4 Markets and Equilibrium5 Elasticity7 Theory of the Firm8 Production and Costs9 The Competitive Model10 Monopoly11 Monopolistic Competition and Oligopoly13 Antitrust Policy14 Competitive Labor Markets15 Imperfect Competition in Labor Markets16 Rent, Interest, Profits, and Capitalization5thjUk-3- ECON 301Evaluation: Tests and written assignments.Attendance is required beginning July 12. Three absences willresult in not being allowed to take any further examinations orquizzes. Furthermore, a quiz missed due to absence, cannot be madeup.GeneralEducationRequirements: Fulfilled by the written assignment.Syllabus Statement for Persons with Disabilities:It is the intention of the institution to support full participation of all students, regardless of physical ability level.Therefore, if any student needs consideration of his/her physicalabilities in order to complete the course, please notify theinstructor as soon as possible.070794 vt

'GOVERNORS STATE UNIVERSITYCollege of Business and Public AdministrationCourse Title:Instructor:Course Number;Credits:Trimester:Description:PrerequisitesRestrictions:Rationale:Principles of MicroeconomicsDr. Donald MillerECON 301ThreeFall 1992Study of price formation, demand and productiondecisions, examines the individual and interrelated behavior of consumers, firms andindustries.NoneNonePIo0-*wo—A knowledge of economics is essential for aproper understanding and appreciation of thesociety in which we live. Economic eventspermeate our social, political and culturalenvironment. Unfortunately, relatively fewrecognize the importance of understanding oureconomic system and economic ignorance is therule. Without economic education how is itpossible for the citizen to make those decisionsat election time regarding stands on such issuesas inflation, unemployment, wage and pricecontrols, "excess" profits, tax level changesand government spending level changes, and theeffects of the national debt?More generally, a knowledge of economics cancontribute to an understanding of the causesof the otherwide mysterious happenings justmentioned and thereby to a greater securityof mind.Economics may also be studied for its practicalvalue in the business world. It can aid thebusinessperson to better understand the internaland external factors affecting businessoperations involving supply and demand, choiceof inputs, the level of production, prices,wages, profits, competition, labor relationsand the impact of government regulations andexpenditure.ECON 301—2IntendedAudience:Expected Student Outcomes:Juniors and SeniorsUpon completion of this course, the studentshould be able to:(1) describe, explain, and apply supply anddemand analysis(2) explain and apply the analysis of production and costs involving the basicconcepts and their relationships(3) describe, explain, and analyze thefirm's price and output behavior underalternative market structures.The course will consist mainly of lecture/discussion with some laboratory work includingwritten assignments and video viewing.Microeconomics. Byrns and Stone, 5th Edition,1992, Scott Foresman and Co.InstitutionalModalities/Activities:Text:Topical Outline:Text Chapter123456789101113141516Evaluation:Economics: The Study of Scarcity and ChoiceScarcity in a Changing WorldDemand and SupplyMarkets and EquilibriumElasticityConsumer ChoiceTheory of the FirmProduction and CostsThe Competitive ModelMonopolyMonopolistic Competition and OligopolyAntitrust PolicyCompetitive Labor MarketsImperfect Competition in Labor MarketsRent, Interest, Profits, and CapitalizationTests and written assignments.GeneralEducationRequirements: Fulfilled by the written assignment.

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ECON 301 Principles of Microeconomics

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Governors State University

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Governors State University

Governors State University

Governors State University