What This Document Is
This is a comprehensive course outline for ECN 2950: Microeconomic Principles at the University of Detroit Mercy. It serves as a foundational guide to the course, detailing expectations, assessment criteria, and a planned progression through key economic concepts. It’s designed to provide students with a clear understanding of the course structure and requirements from the outset.
Why This Document Matters
This outline is essential for any student enrolled in or considering enrollment in ECN 2950. It’s particularly useful during the initial stages of the course to understand the instructor’s approach, grading policies, and the overall flow of topics. Refer to it frequently throughout the semester to stay organized and prepared for lectures and assessments. It’s also valuable for students wanting to proactively understand the workload and expectations of the course.
Topics Covered
* Fundamental Economic Principles
* Market Structures (competition, monopoly, oligopoly)
* Supply and Demand Dynamics
* Consumer Behavior and Choice
* Production and Cost Analysis
* The U.S. Economic System
* Shortcomings of Market Mechanisms
* Factors Influencing Pricing
* The Role of Labor in Economic Production
What This Document Provides
* Instructor contact information and office hour guidance.
* A detailed breakdown of the course grading scheme, including letter grade equivalents.
* A tentative course schedule outlining the planned sequence of topics.
* Expectations for student preparation and engagement.
* Information regarding required course materials (textbook details).
* An overview of the core objectives and theoretical framework of the course.