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Introduction to Microeconomics
OUTLINE
Objective:
- At the end of the lesson, students should understand the following:
- The fundamental nature of economics - unlimited wants and scarce resources and the need to make choices
- The three questions related to the economic problem and its implications for an economy
- A definition of opportunity cost
- Production possibility frontiers and their relevance to the concept of opportunity cost
Course Description:
The purpose of the course is to give students a thorough understanding of the principles of economics that are applied to the functions of individual decision makers, both consumers and producers, within the larger economic system.
Content:
- Lesson 1: Intro to Microeconomics
- Lesson 1 Quiz
- Lesson 2: Demand
- Lesson 2 Quiz
- Lesson 3: Supply
- Lesson 3 Quiz
- Lesson 4: Elasticity
- Lesson 4 Quiz
- Lesson 5: Consumer and Producer Surplus
- Lesson 5 Quiz
- Lesson Review
- Lesson 6: Market Structure
- Lesson 6 Quiz
- Lesson 7: Externalities
- Lesson 7 Quiz
- Lesson 8: Public Goods
- Lesson 8 Quiz
- Lesson 9: Consumers, Producers and the Efficiency of Markets
- Lesson 9 Quiz
- Lesson 10: The Cost of Production
- Lesson 10 Quiz
Final Exam
Bibliography:
**NOTE** You will need Microsoft Power Point for the first link below
- classes.uleth.ca/200501/econ10102/lecture%231.ppt
Demand- CliffsNotes.com. Demand. 23 Jan 2008
http://www.cliffsnotes.com/WileyCDA/CliffsReviewTopic/topicArticleId-9789,articleId-9728.html
- CliffsNotes.com. Supply. 23 Jan 2008
http://www.cliffsnotes.com/WileyCDA/CliffsReviewTopic/topicArticleId-9789,articleId-9729.html
- CliffsNotes.com. Elasticity. 23 Jan 2008
http://www.cliffsnotes.com/WileyCDA/CliffsReviewTopic/topicArticleId-9789,articleId-9731.html
- http://en.wikipedia.org/wiki/Elasticity_(economics)
- http://www.investopedia.com/university/economics/economics4.asp
- http://en.wikipedia.org/wiki/Income_elasticity_of_demand
- http://www.bized.co.uk/educators/16-19/economics/markets/lesson/surplus.htm
- http://en.wikipedia.org/wiki/Consumer_surplus
- http://en.wikipedia.org/wiki/Market_form
- http://www.bized.co.uk/educators/16-19/economics/firms/presentation/structure.ppt
http://www.bized.co.uk/educators/16-19/economics/marketfail/presentation/261,6,Positive and Negative Externalities
http://www.cabnr.unr.edu/price/APEC100/256,1,Market and Public Goods Failure: Externalities
- http://en.wikipedia.org/wiki/Public_good#The_free_rider_problem
- http://virtual.mjc.edu/rlamont/EconPPT/micro/260,5,“The best things in life are free. . .”
- http://en.wikipedia.org/wiki/Public_good#The_free_rider_problem
- http://www.ssc.wisc.edu/~mbrown/534,1,Slide 1
- http://personales.unican.es/carreraa/economia/microeconomics/294,37,The End
- http://academic.kellogg.edu/mckayg/micro/presentations/print/MicroPresentation6.rtf
If you want to take the course please click the following link containing the lessons to complete the course. click here
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