ECON101 - Microeconomics

Course Details

Course Code: ECON101 Course ID: 3725 Credit Hours: 3 Level: Undergraduate

Microeconomics is an overview course that covers how households (consumers), firms (producers), and governments 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.

Course Schedule

Registration Dates Course Dates Start Month Session Weeks
04/24/2023 - 09/29/2023 10/02/2023 - 11/26/2023 October Fall 2023 Session B 8 Week session
05/29/2023 - 11/03/2023 11/06/2023 - 12/31/2023 November Fall 2023 Session I 8 Week session
06/26/2023 - 12/01/2023 12/04/2023 - 01/28/2024 December Fall 2023 Session D 8 Week session
07/31/2023 - 12/29/2023 01/01/2024 - 02/25/2024 January Winter 2024 Session B 8 Week session
08/28/2023 - 02/02/2024 02/05/2024 - 03/31/2024 February Winter 2024 Session I 8 Week session
09/25/2023 - 03/01/2024 03/04/2024 - 04/28/2024 March Winter 2024 Session D 8 Week session

Current Syllabi

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.

NameGrade %
Discussions 20.00%
Week 1: Discussion 1 2.50%
Week 3: Discussion 3 2.50%
Week 2: Discussion 2 2.50%
Week 4: Discussion 4 2.50%
Week 5: Discussion 5 2.50%
Week 6: Discussion 6 2.50%
Week 7: Discussion 7 2.50%
Week 8: Discussion 8 2.50%
Midterm Exam 20.00%
Midterm 20.20%
Final Exam 20.00%
Final Exam 20.20%
Quizzes 30.00%
Week 1 Quiz (Chapters 1 & 2) 5.00%
Week 2 Quiz (Chapter 3) 5.00%
Week 3 Quiz (Chapter 4 & 5) 5.00%
Week 5 Quiz (Chapter 8) 5.00%
Week 6 Quiz (Chapter 9 & 10) 5.00%
Week 7 Quiz (Chapter 11) 5.00%
Term Papers 10.00%
Assignment #1 10.00%

Previous Syllabi

Not current for future courses.