What This Document Is
This is a detailed class outline for Introduction to Microeconomics (ECON 151) at the University of Delaware, specifically for a Fall 2007 section. It serves as a week-by-week guide to the course, outlining the planned topics, required readings, and important logistical information for students. It’s designed to help students stay organized and understand the flow of the course throughout the semester.
Why This Document Matters
This outline is essential for any student enrolled in or considering enrolling in this section of ECON 151. It provides a clear roadmap of the course, allowing students to proactively prepare for lectures, assignments, and exams. Understanding the schedule and expectations laid out within will contribute to success in the course. It’s particularly useful for planning study time and managing coursework alongside other commitments.
Topics Covered
* Fundamental Economic Principles and Methodology
* The Economizing Problem: Scarcity and Choice
* Opportunity Cost and Decision-Making
* Supply and Demand Analysis
* Market Equilibrium and Price Determination
* The Role of Capitalism and Market Systems
* Real-World Applications of Microeconomic Concepts (through newspaper analysis)
What This Document Provides
* A week-by-week schedule of topics to be discussed.
* References to required readings from the McConnell textbook and supplemental course materials.
* Information regarding assignments, including problem sets and potential extra credit opportunities.
* Details on how course readings from external sources will be integrated into assessments.
* Guidance on utilizing CD-ROM modules to enhance understanding of key concepts.
* Logistical details such as seating arrangements and submission guidelines for written work.
