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ECO 202-300: Principles of Macroeconomics Online
ACCESS PROCEDURE AND OTHER INFORMATION
Before registering for the course, please review the course requirements page below, keeping in mind that, as with any distance learning venture, this course will require of you to be self-motivated, to work independently, to read & follow directions carefully, and to manage your time wisely. After the registration, you will be provided with a user name and a password to access the full on-line course content.
HARDWARE AND SOFTWARE (MINIMUM REQUIREMENTS):
-Internet Connection (Broadband recommended)
-Browser
REQUIRED TEXTBOOK:
McConnell, C. R., and Brue, S. L., “Economics: Principles, Problems, and Policies,” 17th edition, Irwin/McGraw-Hill, 2008, packaged with DiscoverEcon and Paul Solman DVD.
Recommended Other Sources of Information:
1. Study Guide for Economics by McConnell & Brue, 17th edition, Irwin/McGraw-Hill, 2008.
2. The textbook’s companion website: http://highered.mcgraw-hill.com/sites/0073126632/student_view0/index.html
3. Dr. Anyanwu’s website: http://lanyanwu.pageout.net
4. Free Tutoring in Economics (provided by the UCC Academic Learning Center).
COURSE ACTIVITIES:
1. Online Exercises, Tutorials, Applications, Self-testing Quizzes.
2. Course Participation by e-mail and online discussion.
3. Best Three of Four Online Exams
If you have any further questions, please feel free to contact me directly at: anyanwu@ucc.edu
or Visit the UCC Online Student Orientation at:
http://www.ucc.edu/DistanceEducation/StudentOrientation/default.htm
Good Luck!
Len Anyanwu, Ph.D.
Senior Full Professor of Economics
Department of Economics, UCC
Course Description
This course introduces the student to the fundamentals of microeconomics. It will first provide an understanding of introductory economics, economic reasoning, and microeconomic theory. Then the student will gain an understanding of the behavior of a firm, price determination and resource allocation under various market environments such as perfect competition, monopoly, monopolistic competition, and oligopoly. The student will also gain an understanding of the tools of market demand, supply and production, costs, resource or factor markets and income distribution. Overall, the course will provide students with a framework for analyzing the behavior of a firm and decision-making in the business arena.
Student Learning Outcomes
After completing this course, the student will be able to:
• Understand economic reasoning and how it applies to decision-making.
• Understand the concepts of scarcity, opportunity cost, production possibilities, and the modeling of economic behavior (conceptually, quantitatively, and graphically).
• Use Demand/Supply analysis to determine equilibrium price and output and the dynamics of market interaction.
• Explain the concept of utility maximization and its importance to consumer behavior.
• Explain the concept of profit maximization and its importance to firm behavior.
• Define, calculate, and interpret the price and income elasticity of demand.
• Determine market price, output, profit, loss, and breakeven under various forms of market environments including Pure Competition, Pure Monopoly, Monopolistic Competition, and Oligopoly.
• Gain the theoretical and practical understanding of microeconomic principles necessary for further study in economics, business management, and related areas.
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