Course Syllabus_ ECON 1312 Page 4 of 4
I. Topics to Be Covered
A. Introduction to microeconomics
1. Economic theory
2. Functional relationships
3. Marginal analysis
4. Equili
ium
5. Scarcity
6. Opportunity costs
B. Consumer’s choices
1. Utility analysis
2. Behavioral predictions
3. Consumer demand
C. Demand, supply, and elasticity
1. Market demand curve
2. Price elasticity of demand
3. Cross-price elasticity of demand
4. Income elasticity of demand
5. Price elasticity of supply
D. Production and Cost
1. Production
2. Short-run cost of production
3. Long-run cost of production
4. Producer supply
E. Market structure
1. Perfect competition
2. Monopoly
3. Monopolistic competition
4. Oligopoly
5. Externalities
6. Public goods and renewable resources
F. Factor markets, inequality, and uncertainty
1. Market for production factors
2. Economic inequality
3. Uncertainty and information