Docsity
Log inSign up
Docsity
Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity

Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan

Guidelines and tips
Guidelines and tips
Sell on Docsity
Sell on Docsity
Log inSign up

Prepare for your exams

Study with the several resources on Docsity

Find documents

Prepare for your exams with the study notes shared by other students like you on Docsity

Search Store documents

The best documents sold by students who completed their studies

Search through all study resources
Docsity AINEW

Summarize your documents, ask them questions, convert them into quizzes and concept maps

Explore questions

Clear up your doubts by reading the answers to questions asked by your fellow students

Earn points to download

Earn points by helping other students or get them with a premium plan

Share documents
download point icon20 Points

For each uploaded document

Answer questions
download point icon5 Points

For each given answer (max 1 per day)

All the ways to get free points
Get points immediately

Choose a premium plan with all the points you need

Study Opportunities

Choose your next study program

Get in touch with the best universities in the world. Search through thousands of universities and official partners

Community

Ask the community

Ask the community for help and clear up your study doubts

University Rankings

Discover the best universities in your country according to Docsity users

Free resources

Our save-the-student-ebooks!

Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors

From our blog

Exams and Study
Go to the blog

Microeconomics Course Outline - ECON-102 at Raritan Valley Community College, Lab Reports of Microeconomics

Raritan Valley Community CollegeMicroeconomics

An outline of the microeconomics course (econ-102) offered at raritan valley community college. The course covers consumer theory, elasticity of demand, economic costs, profit maximization, market structures, and international economics. Students will learn to apply marginal utility theory, understand price elasticity of demand, and identify the differences between total, average, and marginal costs. The course goals include critical thinking, effective communication, ethical analysis, and quantitative reasoning. Assessment methods include written examinations, written assignments, and oral presentations.

Typology: Lab Reports

Pre 2010

Uploaded on 08/08/2009

koofers-user-4hv
koofers-user-4hv 🇺🇸

10 documents

1 / 5

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
RARITAN VALLEY COMMUNITY COLLEGE
Microeconomics ECON 102
Course Outline
I. Basic Course Information
A. Date: May 2004
B. Course Prefix and Title: ECON-102 Microeconomics
C. Sponsoring Department: Business and Public Service
D. Semester Credit Hours: 3
E. Weekly Contact Hours: 3 Lecture 3
Laboratory 0
F. Prerequisites: Econ 101 Macroeconomics
G. Laboratory Fees: None
II. Catalog Description
Prerequisite: Econ 101 Macroeconomics. Microeconomics investigates the
economy from the perspective of individual players in the market. Individual
consumer behavior is examined to determine how individual demand decisions
are made. Business behavior is examined to determine how individual decisions
are made under various market structures. The course also explores the issues of
marginal analysis, elasticity of demand, profit maximization and cost analysis.
Extensive use of graphs to analyze various issues should be expected.
III. Statement of Course Need
This course is an essential element in a complete program to provide a student
with the minimum business skills and theoretical background in order to function
effectively as a responsible citizen and productive member of society.
IV. Place of Course in College Curriculum
This course is a requirement in the following degree programs:
• AS (Business Transfer)
• AAS (Accounting, Marketing)
• AA Liberal Arts/General Business
This course transfers as Microeconomics to most institutions.
pf3
pf4
pf5

Partial preview of the text

Download Microeconomics Course Outline - ECON-102 at Raritan Valley Community College and more Lab Reports Microeconomics in PDF only on Docsity!

RARITAN VALLEY COMMUNITY COLLEGE

Microeconomics ECON 102 Course Outline

I. Basic Course Information

A. Date: May 2004 B. Course Prefix and Title: ECON-102 Microeconomics C. Sponsoring Department: Business and Public Service D. Semester Credit Hours: 3 E. Weekly Contact Hours: 3 Lecture 3 Laboratory 0 F. Prerequisites: Econ 101 Macroeconomics G. Laboratory Fees: None

II. Catalog Description

Prerequisite: Econ 101 Macroeconomics. Microeconomics investigates the economy from the perspective of individual players in the market. Individual consumer behavior is examined to determine how individual demand decisions are made. Business behavior is examined to determine how individual decisions are made under various market structures. The course also explores the issues of marginal analysis, elasticity of demand, profit maximization and cost analysis. Extensive use of graphs to analyze various issues should be expected.

III. Statement of Course Need

This course is an essential element in a complete program to provide a student with the minimum business skills and theoretical background in order to function effectively as a responsible citizen and productive member of society.

IV. Place of Course in College Curriculum

This course is a requirement in the following degree programs:

  • AS (Business Transfer)
  • AAS (Accounting, Marketing)
  • AA Liberal Arts/General Business This course transfers as Microeconomics to most institutions.

V. Course Outline

  1. Consumer theory in Terms of Marginal Utility
  2. Elasticity of Demand
  3. Economic Costs (total, average, marginal) and their inter-relationships
  4. Profit Maximization
  5. Perfect Competition
  6. Monopoly and Oligopoly - Advantages and Disadvantages to Society
  7. Economic Issues and Their Remedies; Poverty, Environmental Injury
  8. Policies for Dealing with Market Power
  9. Labor Market and Wage Determination
  10. International Economics

VI. Education Goals and Learning Outcomes

General Education Goals Students will:

  1. Critically evaluate economic theories as they apply to government intervention in the economy. (G.E. 1)
  2. Communicate with others in a clear, logical manner regarding economic theory and how it applies to real world situations. (G.E. 2)
  3. Evaluate ethical issues regarding the roles of various players in the economy. (G.E. 5)
  4. Apply quantitative reasoning to interpret economic data. (G.E. 7)

Student Learning Outcomes Students will be able to:

  1. Apply marginal utility theory to describe consumer behavior.
  2. Explain the concept of price elasticity of demand, and its direct bearing upon business and government pricing decisions.
  3. Identify the differences between total, average and marginal costs, and summarize when each cost is used.
  4. Apply the concepts of diminishing returns, constant returns, and economies of scale, to real world situations.
  5. Apply the theory of profit-maximization to decision making in the various market structures.
  6. Explain the economic inefficiencies of monopoly, monopolistic competition and oligopoly.
  7. Discuss the concept of market failure as it applies to various situations including pollution and income distribution.
  1. Educational Goals and Learning Outcomes

General Education Goal Students will:

  1. Analyze articles dealing with selected topic (G.E. 1).
  2. Concisely present, in written form, their conclusions (G.E.2).

Student Learning Outcomes Students will be able to:

  1. Locate sources of economic data in print and online.
  2. Analyze differing perspectives on the topic of choice.
  3. Critique the differing perspectives on the topic of choice, relative to economic theory learned in class.
  4. Honors Option Content

A qualified student in the course may choose an Honors Option. Students will be required to:

  1. Attend a research workshop with the instructor, at which time the scope of the project will be discussed. The student will be oriented to the print and internet sources for economic research.
  2. Develop an Initial Report selecting the research topic, providing a one paragraph rationalization for choice of topic, and including three identified sources of information on the topic.
  3. Submit at least one additional progress report during the semester listing the progress to date of the project, and any difficulties the student has encountered.
  4. Produce a final report and submit to the sponsoring faculty member. Such report will be an overall summary of work completed during the project.
  5. Assessment Instruments

Research workshop Initial report Progress Report Final Report

  1. Grade Determination

The reports used as instruments (noted above) will be used to assess the students according to the learning outcomes.

A student who begins, but does not complete, the requirements for the Honors Options will instead be assessed utilizing the standard grading components for the

non-Honors Option version of the course, and receive a grade for the standard course.