ECON 1901 - Principles of Microeconomics

Delivery Online, self-paced

Course Description

Students examine a wide range of microeconomic concepts about markets and market behaviour and learn how to apply them to a variety of contemporary issues. Students develop a depth of knowledge in topics including demand and supply analysis, consumer theory, production and costs, market structure, market efficiency and market failure.

Learning outcomes

Develop a depth of knowledge in the economic way of thinking incorporating the concepts of resource scarcity, choice, and opportunity costs.
Explain a broad range of microeconomic concepts related to domestic and global markets.
Apply microeconomic concepts and techniques to examine contemporary policy issues and the role of institutions.
Develop problem-solving skills such as marginal analysis to examine the behaviour of humans and firms under assumptions and constraints.
Critically examine how government regulations affect markets and their impact on fairness and equity.
Analyze and recommend policy solutions to various market failures including environmental, provision of public goods and other social issues.
Evaluate and compare the efficiency of various market structures including perfect competition, monopoly, and imperfect competition.

Course topics

Module 1: Definition of Economics
Module 2: Demand and Supply Analysis
Module 3: Market Efficiency and Market Failure
Module 4: Consumer Theory
Module 5: Production and Cost
Module 6: Market Structure
Module 7: Resource Markets

Required text and materials

The following Open Education Resources (OER) textbook, free of charge, is required and will be provided within this course:

Curtis, D., & Irvine, I. (2017). Principles of Microeconomics (Revision B). (CC BY-NC-SA).

Assessments

Please be aware that should your course have a final exam, you are responsible for the fee to the online proctoring service, ProctorU, or to the in-person approved Testing Centre. Please contact exams@tru.ca with any questions about this.

To successfully complete this course, students must achieve a passing grade of 50% or higher on the overall course, and 50% or higher on the final mandatory exam.

Assignment 1	4%
Assignment 2	4%
Assignment 3	4%
Assignment 4	4%
Modules 1-4 Jounal Entries	20%
Assignment 5	4%
Assignment 6	4%
Modules 5-7 Journal Entries	15%
Module Polls	6%
Mandatory Final Exam	35%
Total	100%

Recommended requisite(s)

Foundations of Mathematics 11 or Pre-calculous 11 with a minimum B (73%) or MATH 0523 or equivalent.
Completion of one of Foundations of Mathematics 12 or Pre-calculus 12.

Exclusions

ECON 1900

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ECON 1901 - 71062

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Online, self-paced

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Principles of Microeconomics

Any Time (30 weeks duration)

Online, self-paced

Canadian in BC/YT non-credit	$548.39	Click here to get more information
Canadian outside BC/YT non-credit	$657.47	Click here to get more information
International Student non-credit	$1,661.15	Click here to get more information

3 credits

Open Learning faculty member information

An Open Learning faculty member is available to assist students. Students will receive the necessary contact information at the start of the course.