ECO 103: Microeconomics
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About
This course provides the students with the introductory framework of the business environment through the study of the market behaviour of the consumer and the firm and their interactions in the market. It includes the mechanisms by which resources are allocated, prices determined and income distributed. This means concentrating on the explanation and evaluation of the operation of the price policy system as it regulated production, distribution and consumption. Some topics to be discussed are demand analysis and equilibrium determined in various types of markets.
Objectives:
At the end of the course, the students are expected to:
- Develop critical thinking skills and reasoning ability through class discussions, case studies, recitations and other class activities.
- Recognize the necessity of conserving our natural resources.
- Develop a sense of social responsibility.
- Express their insights and thoughts freely and creatively on national economic policies and issues.
- Construct economic graphs to analyze data.
- Use case studies from which economic principles can be derived.
Textbook: Case, Karl E. and Fair, Ray C., Principles of Economics. 7th Edition. Prentice Hall, 2002.
Course Requirements and Weights:
- Class Participation 30%
- Recitation 30%
- Preliminary Exam 20%
- Final Exam 20%