ECO 2023 – Principles of Microeconomics

General Education Credit: S
High School Credit: 0.5

Course Instructor: Carol Dole
Carol Dole, Ph.D.
Meet Your Instructor

About The Course

Economics is an extremely broad subject; it covers a vast array of material that ranges from inflation to pollution, business cycles to antitrust policy, and so on. This 4 credit microeconomics course will help you understand many facets of the world in which we live. For example, after completing this course you will understand why the government investigates large companies such as Microsoft to determine if they are in violation of the nation’s antitrust laws. You will know what factors change the price and quantity of the goods and services we buy. You will learn why the government may need to impose strict environmental regulations. You will also understand why government action in many instances may be counterproductive and actually harm the nation’s well-being. Indeed, you will know all this and more! Students tell me that this course helps them operate their own business.

Course Goals

After completing this course student will be able to:

  1. Understand the factors that determine the prices and quantities of products.
  2. Discuss how firms facing different amounts of competition set the price of their product and choose how much to produce.
  3. State when and why government intervention in the economy is desirable and when it is undesirable.
  4. Explain what factors shape people’s income and discuss recent trends in income inequality.
  5. Present reasons why free trade among nations is the best economic policy.

Satisfied High School Graduation Requirement Subject: Elective