ECON201 - Microeconomics for Business
Course Code: ECON201 Course ID: 4470 Credit Hours: 3 Level: Undergraduate
Microeconomics for Business is an overview course that covers how microeconomics impacts business operations and the strategic management of the organization. Households (consumers), firms (producers), and governments are examined to assess how they interact in competitive and other markets to set prices, and determine what and how much is produced. Key concepts introduced include the role of scarcity and choice, incentives and competition, and the law of supply and demand.
|Registration Dates||Course Dates||Session||Weeks|
|05/21/21 - 10/29/21||11/01/21 - 12/26/21||Fall 2021 Session I||8 Week session|
|06/28/21 - 12/03/21||12/06/21 - 01/30/22||Fall 2021 Session D||8 Week session|
|07/27/21 - 12/31/21||01/03/22 - 02/27/22||Winter 2022 Session B||8 Week session|
|08/31/21 - 02/04/22||02/07/22 - 04/03/22||Winter 2022 Session I||8 Week session|
|09/28/21 - 03/04/22||03/07/22 - 05/01/22||Winter 2022 Session D||8 Week session|
|10/26/21 - 04/01/22||04/04/22 - 05/29/22||Spring 2022 Session B||8 Week session|
LO-1 Discuss the application of microeconomic theory to business.
LO-2 Differentiate between major economic systems.
LO-3 Explain the microeconomic problems faced by business during resources allocation to satisfy societal wants.
LO-4 Apply the concepts of supply and demand within business settings.
LO-5 Define and distinguish various economic costs (implicit, explicit, fixed, and variable costs).
LO-6 Examine the law of diminishing returns.
LO-7 Explore the impact that the ease of market entry and exit has on economic and business efficiency.
|Week 1: Forum 1||5.00 %|
|Week 2: Forum 2||5.00 %|
|Week 3: Forum 3||5.00 %|
|Week 4: Forum 4||5.00 %|
|Week 5: Forum 5||5.00 %|
|Week 6: Forum 6||5.00 %|
|Week 7: Forum 7||5.00 %|
|Week 8: Forum 8||5.00 %|
|Midterm Exam||20.00 %|
|Final Exam||20.00 %|
|Final Exam||20.00 %|
|Week 1 Quiz (Chapters 1 & 2)||1.67 %|
|Week 2 Quiz (Chapter 3)||1.67 %|
|Week 3 Quiz (Chapter 4 & 5)||1.67 %|
|Week 5 Quiz (Chapter 8)||1.67 %|
|Week 6 Quiz (Chapter 9 & 10)||1.67 %|
|Week 7 Quiz (Chapter 11)||1.67 %|
|Term Papers||10.00 %|
|Term Paper #1||5.00 %|
|Term Paper #2||5.00 %|
|Book Title:||Principles of Microeconomics, v. 2.0 - E-book links provided inside the classroom|
|Publication Info:||FlatWorld Knowledge|
Not current for future courses.