ECON 3 Principles of Microeconomics
CRN 72269 Section 003
CRN 72491 Section 932 ONLINE
Course Information
This course provides an introduction to micro-economic analysis, which focuses on individual economic decision-makers and markets. Topics include scarcity and allocation of resources, market equilibrium, price ceilings/floors, elasticity, consumer theory, cost/production analysis, market structures, factor markets, income distribution, market failures and government policy, international trade and finance, and the role of public policy in the economy. The primary objective of this course is to develop a foundation for more advanced study in business and economics, but it also provides information that is basic to inquiry in many other disciplines.
After completing Economics 3, Principles of Microeconomics, students will be able to:
Explain fundamental economic concepts of choice and production.
Describe the institutional structure of a modem capitalist economy, including the public and private sectors, and the criteria used by economists to evaluate economic outcomes.
Analyze how markets function and what happens in the presence of market failures.
Calculate and interpret measures of elasticity.
Analyze production and costs of firms under a variety of market structures.
Analyze factor markets and how they are affected by product market structures.
Requisites/Advisories
PREREQ: Elementary algebra or higher
Transferability
UC/CSU
Grading Options
Letter, Pass/No Pass
Important Dates for Regular Classes
Class Begins: August 16
Last Day to Enroll: September 1, 2023
Last Day for Refund: August 29, 2023
Last Day to Drop: September 1, 2023
Last Day to Withdraw: November 2, 2023
Last Day to Elect Pass/No Pass: November 2, 2023
Final Exam Period: December 13 - December 19
Important Dates for City Online Classes
Class Begins: August 28
Last Day to Enroll: September 15, 2023
Last Day for Refund: September 7, 2023
Last Day to Drop: September 15, 2023
Last Day to Withdraw: November 20, 2023
Last Day to Elect Pass/No Pass: November 20, 2023
Class Ends: August 19.
Adds/Drops
If you would like to add this course, please put your name on the wait list. Please submit add authorization request on the first day of class. You may add the class if your request approved.
Students, who show no activity by the census date will be dropped from the class. In order to avoid being dropped during the census period, complete your Module 1 assignments by their due dates.
In order to withdraw from a course, it is not sufficient to stop posting assignments or contributing to discussion. In accord with university policy, students wishing to withdraw from a course must do so formally through the Registrar’s office. It is the student’s responsibility to complete all forms. If this is not done, the instructor must assign a grade of FW at the end of the semester.