뒤로ECON 201-012 Spring 2026: Principles of Microeconomics Syllabus and Course Structure
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Course Overview
This syllabus outlines the structure, objectives, and assessment methods for Principles of Microeconomics (ECON 201-012), a foundational course introducing students to the core concepts and analytical tools of microeconomic theory.
Course Introduction
Credit Hours: 3
Prerequisite Courses: None
Instructor: Sarah Davis
Class Meetings: Tuesdays 6:00pm – 8:50pm, Reynolds Hall Room 521
General Education: Fulfills 3 credits of general education under F4: Society and Connections
Course Learning Outcomes
Upon successful completion of this course, students will be able to:
Understand and apply microeconomic principles and terminology.
Explain how markets function and how equilibrium is established.
Analyze the impact of government intervention on market outcomes.
Describe the behavior of consumers and firms, including utility maximization and profit maximization.
Interpret and use supply and demand models, including price and quantity determination.
Explain elasticity and its implications for revenue and market efficiency.
Identify and analyze different market structures: perfect competition, monopoly, monopolistic competition, and oligopoly.
Discuss the role of prices, profits, and incentives in resource allocation.
Evaluate the effects of taxes, subsidies, and government interventions on markets.
Apply microeconomic concepts to real-world issues and policy debates.
Instructional Materials
Required Textbook: Microeconomics by Glenn Hubbard and Anthony Patrick O'Brien (digital access via Pearson MyLab and eText).
Course Website: Pearson MyLab for assignments, quizzes, and resources.
Assessment and Grading
Homework: 200 points (20%)
Class Participation: 100 points (10%)
Tests 1-5: 400 points (40%)
Final Exam (Comprehensive): 200 points (20%)
Extra Credit: Test of Economic Literacy Quiz (TEL)
Grading Scale:
Grade | Percentage |
|---|---|
A | 90% and above |
B | 80% – 89% |
C | 70% – 79% |
D | 60% – 69% |
F | Below 60% |
Major Topics and Timeline
The course is organized into modules, each covering key microeconomic topics. Below is a summary of the expected timeline and major topics:
Week | Topics | Assigned Reading | Assignments/Tests |
|---|---|---|---|
1 | Orientation, Foundations | Chapters 1, 2 | Test of Economic Literacy Quiz |
2-3 | Introductory Economic Models, Supply and Demand | Chapters 3, 4 | Test 1 |
4-5 | Elasticity, Consumer and Producer Surplus | Chapters 5, 6 | Test 2 |
6-7 | Taxes, Externalities, Types of Goods | Chapters 7, 8, 9 | Test 3 |
8-9 | International Trade, Costs of Production | Chapters 10, 11 | Test 4 |
10-12 | Market Structures: Perfect Competition, Monopoly, Monopolistic Competition, Oligopoly | Chapters 12, 13, 14 | Test 5 |
13-15 | Factor Markets, Income Inequality, Behavioral Economics | Chapters 15, 16, 18 | Final Exam |
Course and Institutional Policies
Attendance: Required and counts toward participation grade.
Missed Exams: Must be documented and approved for make-up.
Academic Integrity: Strictly enforced; unauthorized use of AI tools is prohibited.
Accommodations: Provided in accordance with ADA and university policy.
Additional Information
Office Hours: Available in person and virtually; see syllabus for details.
Communication: Email is the primary method; responses within 24 hours on business days.
Technology Use: Permitted only for class-related activities.
Additional info: This syllabus provides a comprehensive overview of the course structure, assessment, and policies for a standard Principles of Microeconomics course, covering all major topics listed in the provided chapter titles.
