Principles of Economics -- Microeconomics
University of California, Los Angeles
Dr. Anne Bresnock
MW 9:15 – 10:15 a.m.
(909) 869-4593 and (310) 267-4848
AEBRESNOCK@csupomona.edu and email@example.com
www.class.csupomona.edu/earth.html(See Economics section.)
Paul Krugman and Robin Wells
, 2E (New York, NY:
Worth Publishers, 2010), and accompanying study guide.
The key objectives in this introductory course in microeconomics include:
The student should develop a solid foundation of basic economic concepts pertaining to the
The nature and method of decision-making units -- consumers, producers,
and governments--to make choices while constrained by limited resources will be carefully
Additional constraints to the decision making process-government regulations,
imperfect competition, etc.--will also be investigated.
The student should develop an understanding of the institutional framework of the American
economy within which our system of mixed capitalism operates.
Thus, an analysis of the
various ways producers organize their business, the role of labor unions in labor markets, the
role of taxes in directing economic choices, the effect of government regulations on
production decisions, etc., will be pursued.
The student will develop the ability to apply basic economic concepts and principles to
In order to accomplish this problem solving aptitude, the student will
acquire the basic methodology and tools of analysis necessary to formulate economic
Often the ability to select and utilize economic data to reach a solution will be
required as well as a comprehensive justification of the solution.
The student will develop the ability to communicate the logic of economic thinking
qualitatively and quantitatively.
Through the use of objective, problem set and essay testing
techniques, the student will be expected to utilize the principles of economics, to analyze and
synthesize answers to problem situations.
Finally, the student will develop a better understanding of the role of economics in our
sociopolitical environment as well as the role economics plays in decision making processes
that crossover to other disciplines -- the arts, natural sciences, and other social sciences.
Such knowledge is important to gain awareness of the overall operation of society.