Rouse Company Foundation Student Services Building

ECON 102 Principles of Economics (Micro)

Micro economics introduces students to economic decision-making at the individual firm, consumer and industry level. Topics include demand and supply theory; elasticity; cost and production functions; profit maximization analysis; government regulation and anti-trust; and international trade. It is not necessary to take ECON 101 prior to ECON 102.

Credits

3

Prerequisite

Eligible to enroll in ENGL 121

Hours Weekly

3 hours weekly

Course Objectives

  1. Summarize opposing sides of an economic issue.
  2. Establish a point of view of an economic issue after analyzing and evaluating various
    opposing arguments.
  3. Evaluate the relevance and validity of data used in micro-economic arguments.
  4. Analyze the implications of micro-economic policies and decisions on governments,
    businesses or households.
  5. Discuss issues of inequality from a micro-economic perspective.
  6. Evaluate the impact of public policy as it relates to international trade.

Course Objectives

  1. Summarize opposing sides of an economic issue.

    Learning Activity Artifact

    • Other (please fill out box below)
    • "Argument Comparison" paper

    Procedure for Assessing Student Learning

    • Critical and Creative Thinking Rubric

    Critical Thinking

    • CT1
  2. Establish a point of view of an economic issue after analyzing and evaluating various
    opposing arguments.

    Learning Activity Artifact

    • Other (please fill out box below)
    • "Argument Comparison" paper

    Procedure for Assessing Student Learning

    • Critical and Creative Thinking Rubric

    Critical Thinking

    • CT2
  3. Evaluate the relevance and validity of data used in micro-economic arguments.

    Learning Activity Artifact

    • Other (please fill out box below)
    • "Argument Comparison" paper

    Procedure for Assessing Student Learning

    • Critical and Creative Thinking Rubric

    Critical Thinking

    • CT3
  4. Analyze the implications of micro-economic policies and decisions on governments,
    businesses or households.

    Learning Activity Artifact

    • Other (please fill out box below)
    • Analyze presentation/worksheet/paper on a country case study of business data set.

    Procedure for Assessing Student Learning

    • Critical and Creative Thinking Rubric
  5. Discuss issues of inequality from a micro-economic perspective.

    This objective is a course Goal Only

    Learning Activity Artifact

    • Other (please fill out box below)
    • Quiz questions relating to inequality issues.

    Procedure for Assessing Student Learning

    • Other (please fill out box below)
    • Rubric
  6. Evaluate the impact of public policy as it relates to international trade.

    This objective is a course Goal Only

    Learning Activity Artifact

    • Other (please fill out box below)
    • Quiz questions relating to international trade issues.

    Procedure for Assessing Student Learning

    • Other (please fill out box below)
    • Rubric