David A. Conners
B CUSP 200
Analysis of markets: consumer demand, production, exchange, the price system, resource allocation, government intervention. Recommended: B CUSP 123. Offered: AWSp.
Microeconomics is the study of how prices are determined in various markets for goods and services. Microeconomics studies such things as consumers’ decisions regarding what to buy, the pricing policies of different types of firms, and public policies toward businesses that possess “market power.”
Student learning goals
The instructor’s primary goals are for all students to understand the course material, and to receive the highest possible course grade for their efforts. Toward that end, students should strive to understand thoroughly the subject matter by successfully applying the core theories, concepts, equations, and graphs to numerous real-world scenarios in the form of current published newspaper articles and on the Internet. Successful learning will require active participation, regular attendance, and a willingness to work hard to understand the subject matter. The instructor is willing to work with each and every student to achieve success.
General method of instruction
The instructor will lead class discussions of the course material – with an emphasis on understanding important equations and how to draw relevant graphs. The instructor will also guide students’ efforts to apply the subject matter to real-world scenarios of their choosing. As needed, the instructor is willing to work one-on-one with each student.
This course will require the use of intermediate algebra, the graphing of functions, and the interpretation of such graphs. Prior completion of B CUSP 123 or a similar course is thereby strongly recommended.
Class assignments and grading
Two or three short written applications assignments – which students are encouraged to revise for improved learning and higher grades; plus a final exam. Collectively, the applications will count for approximately 60% of your course grade. Improvement made throughout the quarter, your extra efforts and revisions, and your meaningful participation in class discussions – collectively these “intangibles” will count for at least 10% of your course grade. The final exam will account for the remainder.
Higher grades will be awarded to those written applications and test answers that clearly demonstrate the student’s comprehension of the relevant core material. Time spent on the applications should be regarded as excellent preparation for the final exam.