Course Objectives Principles of microeconomics is designed to learn how market system works and what businesses are doing to maximize profit in competitive markets. Concepts covered in the course include, but are not limited to, scientific methods, supply and demand, global economy, consumer equilibrium, elasticity, decision-making in different market structures including pure competition, monopol, oligopoly, and monopolistic competition, antitrust laws, and market failures. Examinations and Grading A. Letter grades at the end of the quarter are based on the average of the three test scores, and are determined according to the schedule below. Make-up exams are more difficult than regular exams. C. Note that only major concepts are covered in class.
Students are responsible for reading all materials in the chapters assigned.
D. Home assignments not listed in the syllabus will be assigned during the term. No late submissions of home assignments are accepted. E. Students with disabilities as certified by the Office of Student Services will be afforded reasonable accommodation if requested. Since all classes do not progress at the same rate, the instructor may wish to modify the above requirements or their timing as circumstances dictate.