Course Modules

Course Information

Course Information Course Information

Attachment

21SM_ECON101_Syllabus.pdf 21SM_ECON101_Syllabus.pdf 1

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Context Module Sub Header

Synchronous Session Information 2

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External Url

Synchronous Session Link Synchronous Session Link 3

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Context Module Sub Header

Session Zoom ID: 965 7662 4020 4

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Context Module Sub Header

Session Passcode: micro 5

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Context Module Sub Header

Office Hours 6

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External Url

Book an Office Hours Appointment Book an Office Hours Appointment 7

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Context Module Sub Header

Resources 8

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Attachment

Full Course Notes Full Course Notes 9

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Attachment

GroupMe Rules.pdf GroupMe Rules.pdf 10

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External Url

Link to Join GroupMe Link to Join GroupMe 11

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Context Module Sub Header

Practice Material 12

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Attachment

Supply and Demand Practice Condensed.docx Supply and Demand Practice Condensed.docx 13

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Attachment

Supply and Demand Practice.docx Supply and Demand Practice.docx 14

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Attachment

Elasticity Practice.docx Elasticity Practice.docx 15

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Attachment

Utility Practice.docx Utility Practice.docx 16

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Attachment

Cost Practice.docx Cost Practice.docx 17

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Attachment

Perfect Competition Practice.docx Perfect Competition Practice.docx 18

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Attachment

Monopoly Practice Monopoly Practice 19

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Attachment

07.08 Activity 07.08 Activity 20

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Attachment

Questions to Consider.docx Questions to Consider.docx 21

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Week 0: Before 06.28

Week 0: Before 06.28 Week 0: Before 06.28

Context Module Sub Header

Welcome! 1

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Page

About Your Instructor About Your Instructor 2

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Page

Being Successful in this Course Being Successful in this Course 3

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Page

Updating Your Canvas Profile Updating Your Canvas Profile 4

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Context Module Sub Header

Student Support & Resources 5

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Page

Getting Started with Canvas Getting Started with Canvas 6

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Page

Canvas Quick Links Canvas Quick Links 7

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Week 1: 06.28

Week 1: 06.28 Week 1: 06.28

Page

Week 1 Overview Week 1 Overview 1

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Context Module Sub Header

Zoom Captures 2

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Context Module Sub Header

From Lecture 3

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External Url

06.29 Synchronous Session 06.29 Synchronous Session 4

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External Url

07.01 Synchronous Session 07.01 Synchronous Session 5

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Context Module Sub Header

Content-Specific 6

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External Tool

Production Possibility Frontier Keys Production Possibility Frontier Keys 7

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External Tool

Comparative Advantage Keys Comparative Advantage Keys 8

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External Tool

Introduction to Supply and Demand Introduction to Supply and Demand 9

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External Tool

Law of Supply and Demand Law of Supply and Demand 10

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Context Module Sub Header

Extra Reading/Resources 11

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External Url

1 Introduction 1 Introduction 12

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External Url

1.1 What Is Economics, and Why Is It Important? 1.1 What Is Economics, and Why Is It Important? 13

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External Url

1.2 Microeconomics and Macroeconomics 1.2 Microeconomics and Macroeconomics 14

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External Url

1.3 How Economists Use Theories and Models to Understand Economic Issues 1.3 How Economists Use Theories and Models to Understand Economic Issues 15

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External Url

1.4 How To Organize Economies: An Overview of Economic Systems 1.4 How To Organize Economies: An Overview of Economic Systems 16

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External Url

2 Introduction to Choice in a World of Scarcity 2 Introduction to Choice in a World of Scarcity 17

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External Url

2.2 The Production Possibilities Frontier and Social Choices 2.2 The Production Possibilities Frontier and Social Choices 18

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External Url

2.3 Confronting Objections to the Economic Approach 2.3 Confronting Objections to the Economic Approach 19

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Attachment

OpenStax_Economics_CH01_ImageSlideshow-acc.pptx OpenStax_Economics_CH01_ImageSlideshow-acc.pptx 20

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Attachment

OpenStax_Economics_CH02_ImageSlideshow-acc.pptx OpenStax_Economics_CH02_ImageSlideshow-acc.pptx 21

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Context Module Sub Header

Assignments 22

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Assignment

Grading Option Selection Grading Option Selection 10 23

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Assignment

Graded Quiz--Chapter 01 Graded Quiz--Chapter 01 10 24

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Assignment

Graded Quiz--Chapter 02 Graded Quiz--Chapter 02 10 25

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Assignment

Questions--Chapter 01 Questions--Chapter 01 10 26

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Assignment

Questions--Chapter 02 Questions--Chapter 02 10 27

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Assignment

Paper 1 Paper 1 10 28

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Week 2: 07.05

Week 2: 07.05 Week 2: 07.05

Page

Week 2 Overview Week 2 Overview 1

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Context Module Sub Header

Zoom Captures 2

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Context Module Sub Header

From Lecture 3

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External Url

07.06 Synchronous Session 07.06 Synchronous Session 4

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External Url

07.08 Synchronous Session 07.08 Synchronous Session 5

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Context Module Sub Header

Content-Specific 6

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External Tool

Supply and Demand Shifts Supply and Demand Shifts 7

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External Tool

Supply and Demand Simultaneous Shifts Supply and Demand Simultaneous Shifts 8

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External Tool

Price Ceilings Price Ceilings 9

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External Tool

Price Floors Price Floors 10

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External Tool

Quotas Quotas 11

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Context Module Sub Header

Extra Reading/Resources 12

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External Url

3 Introduction to Demand and Supply 3 Introduction to Demand and Supply 13

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External Url

3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services 3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services 14

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External Url

3.2 Shifts in Demand and Supply for Goods and Services 3.2 Shifts in Demand and Supply for Goods and Services 15

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External Url

3.3 Changes in Equilibrium Price and Quantity: The Four-Step Process 3.3 Changes in Equilibrium Price and Quantity: The Four-Step Process 16

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External Url

3.4 Price Ceilings and Price Floors 3.4 Price Ceilings and Price Floors 17

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External Url

3.5 Demand, Supply, and Efficiency 3.5 Demand, Supply, and Efficiency 18

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Attachment

OpenStax_Economics_CH03_ImageSlideshow-acc.pptx OpenStax_Economics_CH03_ImageSlideshow-acc.pptx 19

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External Url

NPR Podcast--Taxi King NPR Podcast--Taxi King 20

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Context Module Sub Header

Assignments 21

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Assignment

Graded Quiz--Chapter 03 Graded Quiz--Chapter 03 10 22

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Assignment

Graded Quiz--Chapter 04 Graded Quiz--Chapter 04 10 23

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Assignment

Graded Quiz--Chapter 05 Graded Quiz--Chapter 05 10 24

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Assignment

Questions--Chapter 03 Questions--Chapter 03 10 25

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Assignment

Questions--Chapter 04 Questions--Chapter 04 10 26

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Assignment

Questions--Chapter 05 Questions--Chapter 05 10 27

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Assignment

Paper 2 Paper 2 10 28

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Week 3: 07.12

Week 3: 07.12 Week 3: 07.12

Page

Week 3 Overview Week 3 Overview 1

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Context Module Sub Header

Zoom Captures 2

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Context Module Sub Header

From Lecture 3

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External Url

07.13 Synchronous Session 07.13 Synchronous Session 4

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Context Module Sub Header

Content-Specific 5

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External Tool

Price Elasticity of Demand--Introduction Price Elasticity of Demand--Introduction 6

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External Tool

Price Elasticity of Demand--Total Revenue Price Elasticity of Demand--Total Revenue 7

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External Tool

Price Elasticity of Demand--Interpretation and Determinants Price Elasticity of Demand--Interpretation and Determinants 8

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External Tool

Other Demand Elasticities Other Demand Elasticities 9

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External Tool

Price Elasticity of Supply Price Elasticity of Supply 10

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External Tool

Excise Taxes Excise Taxes 11

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External Tool

Income Taxes Income Taxes 12

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External Tool

Tax Systems Tax Systems 13

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External Tool

Economic Profit Economic Profit 14

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External Tool

Either-Or Decisions Either-Or Decisions 15

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External Tool

Marginal Decisions Marginal Decisions 16

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Context Module Sub Header

Extra Reading/Resources 17

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External Url

5 Introduction to Elasticity 5 Introduction to Elasticity 18

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External Url

5.1 Price Elasticity of Demand and Price Elasticity of Supply 5.1 Price Elasticity of Demand and Price Elasticity of Supply 19

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External Url

5.2 Polar Cases of Elasticity and Constant Elasticity 5.2 Polar Cases of Elasticity and Constant Elasticity 20

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External Url

5.3 Elasticity and Pricing 5.3 Elasticity and Pricing 21

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External Url

5.4 Elasticity in Areas Other Than Price 5.4 Elasticity in Areas Other Than Price 22

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External Url

2.1 How Individuals Make Choices Based on Their Budget Constraint 2.1 How Individuals Make Choices Based on Their Budget Constraint 23

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External Url

6 Introduction to Consumer Choices 6 Introduction to Consumer Choices 24

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External Url

6.1 Consumption Choices 6.1 Consumption Choices 25

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Attachment

OpenStax_Economics_CH05_ImageSlideshow-acc.pptx OpenStax_Economics_CH05_ImageSlideshow-acc.pptx 26

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External Url

State-Level Tax Summary State-Level Tax Summary 27

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External Url

BLS--Occupational Wage Data BLS--Occupational Wage Data 28

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Attachment

Taxes Spreadsheet.xlsm Taxes Spreadsheet.xlsm 29

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Context Module Sub Header

Assignments 30

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Quiz

Exam 1 (Chapters 1-4) Exam 1 (Chapters 1-4) 100 31

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Assignment

Graded Quiz--Chapter 06 Graded Quiz--Chapter 06 10 32

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Assignment

Graded Quiz--Chapter 07 Graded Quiz--Chapter 07 10 33

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Assignment

Graded Quiz--Chapter 09 Graded Quiz--Chapter 09 10 34

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Assignment

Questions--Chapter 06 Questions--Chapter 06 10 35

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Assignment

Questions--Chapter 07 Questions--Chapter 07 10 36

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Assignment

Questions--Chapter 09 Questions--Chapter 09 10 37

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Assignment

Paper 3 Paper 3 10 38

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Week 4: 07.19

Week 4: 07.19 Week 4: 07.19

Page

Week 4 Overview Week 4 Overview 1

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Context Module Sub Header

Zoom Captures 2

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Context Module Sub Header

From Lecture 3

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External Url

07.20 Synchronous Session 07.20 Synchronous Session 4

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External Url

07.22 Synchronous Session 07.22 Synchronous Session 5

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Context Module Sub Header

Content-Specific 6

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External Tool

Utility--Introduction Utility--Introduction 7

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External Tool

Utility--Principle of Diminishing Marginal Utility Utility--Principle of Diminishing Marginal Utility 8

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External Tool

Utility--Budget Constraints Utility--Budget Constraints 9

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External Tool

Utility--Consumer Optimization Utility--Consumer Optimization 10

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External Tool

Production--Inputs and Output Production--Inputs and Output 11

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External Tool

Production--Time Periods Production--Time Periods 12

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External Tool

Production--Short Run Decisions Production--Short Run Decisions 13

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External Tool

Costs--Short Run Costs--Short Run 14

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External Tool

Costs--Long Run Costs--Long Run 15

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External Tool

Economies of Scale Economies of Scale 16

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External Tool

Profit Maximization Profit Maximization 17

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External Tool

Firm Short Run Decisions Firm Short Run Decisions 18

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External Tool

Perfect Competition--Introduction Perfect Competition--Introduction 19

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External Tool

Perfect Competition--Short Run Outcomes Perfect Competition--Short Run Outcomes 20

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External Tool

Perfect Competition--Long Run Outcomes Perfect Competition--Long Run Outcomes 21

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External Tool

Monopoly--Introduction Monopoly--Introduction 22

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External Tool

Monopoly--Visualized Monopoly--Visualized 23

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External Tool

Monopoly--Comparison with Perfect Competition Monopoly--Comparison with Perfect Competition 24

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External Tool

Monopoly--Policy Options Monopoly--Policy Options 25

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Context Module Sub Header

Extra Reading/Resources 26

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External Url

6.2 How Changes in Income and Prices Affect Consumption Choices 6.2 How Changes in Income and Prices Affect Consumption Choices 27

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6.3 Behavioral Economics: An Alternative Framework for Consumer Choice 6.3 Behavioral Economics: An Alternative Framework for Consumer Choice 28

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7 Introduction to Production, Costs, and Industry Structure 7 Introduction to Production, Costs, and Industry Structure 29

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7.1 Explicit and Implicit Costs, and Accounting and Economic Profit 7.1 Explicit and Implicit Costs, and Accounting and Economic Profit 30

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7.2 Production in the Short Run 7.2 Production in the Short Run 31

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7.3 Costs in the Short Run 7.3 Costs in the Short Run 32

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7.4 Production in the Long Run 7.4 Production in the Long Run 33

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7.5 Costs in the Long Run 7.5 Costs in the Long Run 34

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External Url

8 Introduction to Perfect Competition 8 Introduction to Perfect Competition 35

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External Url

8.1 Perfect Competition and Why It Matters 8.1 Perfect Competition and Why It Matters 36

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External Url

8.2 How Perfectly Competitive Firms Make Output Decisions 8.2 How Perfectly Competitive Firms Make Output Decisions 37

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8.3 Entry and Exit Decisions in the Long Run 8.3 Entry and Exit Decisions in the Long Run 38

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External Url

8.4 Efficiency in Perfectly Competitive Markets 8.4 Efficiency in Perfectly Competitive Markets 39

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9 Introduction to a Monopoly 9 Introduction to a Monopoly 40

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External Url

9.1 How Monopolies Form: Barriers to Entry 9.1 How Monopolies Form: Barriers to Entry 41

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External Url

9.2 How a Profit-Maximizing Monopoly Chooses Output and Price 9.2 How a Profit-Maximizing Monopoly Chooses Output and Price 42

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Attachment

OpenStax_Economics_CH06_ImageSlideshow-acc.pptx OpenStax_Economics_CH06_ImageSlideshow-acc.pptx 43

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Attachment

OpenStax_Economics_CH07_ImageSlideshow-acc.pptx OpenStax_Economics_CH07_ImageSlideshow-acc.pptx 44

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OpenStax_Economics_CH08_ImageSlideshow-acc.pptx OpenStax_Economics_CH08_ImageSlideshow-acc.pptx 45

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OpenStax_Economics_CH09_ImageSlideshow-acc.pptx OpenStax_Economics_CH09_ImageSlideshow-acc.pptx 46

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External Url

Are we in control of our decisions?--Dan Ariely TED Talk Are we in control of our decisions?--Dan Ariely TED Talk 47

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Context Module Sub Header

Assignments 48

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Quiz

Exam 2 (Chapters 5-7, 9) Exam 2 (Chapters 5-7, 9) 100 49

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Assignment

Graded Quiz--Chapter 10 Graded Quiz--Chapter 10 10 50

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Assignment

Graded Quiz--Chapter 11 Graded Quiz--Chapter 11 10 51

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Assignment

Graded Quiz--Chapter 12 Graded Quiz--Chapter 12 10 52

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Assignment

Graded Quiz--Chapter 13 Graded Quiz--Chapter 13 10 53

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Assignment

Questions--Chapter 10 Questions--Chapter 10 10 54

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Assignment

Questions--Chapter 11 Questions--Chapter 11 10 55

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Assignment

Questions--Chapter 12 Questions--Chapter 12 10 56

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Assignment

Questions--Chapter 13 Questions--Chapter 13 10 57

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Assignment

Paper 4 Paper 4 10 58

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Quiz

Anonymous Course Evaluation Survey Anonymous Course Evaluation Survey 10 59

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Week 5: 07.26

Week 5: 07.26 Week 5: 07.26

Page

Week 5 Overview Week 5 Overview 1

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Context Module Sub Header

Zoom Captures 2

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Context Module Sub Header

From Lecture 3

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External Url

07.27 Synchronous Session 07.27 Synchronous Session 4

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External Url

07.29 Synchronous Session 07.29 Synchronous Session 5

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Context Module Sub Header

Content-Specific 6

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External Tool

Game Theory--Advanced Game Theory--Advanced 7

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External Tool

Monopolistic Competition--Introduction Monopolistic Competition--Introduction 8

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External Tool

Monopolistic Competition--Visualized Monopolistic Competition--Visualized 9

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Extra Reading/Resources 10

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External Url

11 Introduction to Monopoly and Antitrust Policy 11 Introduction to Monopoly and Antitrust Policy 11

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External Url

11.1 Corporate Mergers 11.1 Corporate Mergers 12

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External Url

11.2 Regulating Anticompetitive Behavior 11.2 Regulating Anticompetitive Behavior 13

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External Url

11.3 Regulating Natural Monopolies 11.3 Regulating Natural Monopolies 14

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External Url

11.4 The Great Deregulation Experiment 11.4 The Great Deregulation Experiment 15

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External Url

10 Introduction to Monopolistic Competition and Oligopoly 10 Introduction to Monopolistic Competition and Oligopoly 16

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External Url

10.2 Oligopoly 10.2 Oligopoly 17

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External Url

10.1 Monopolistic Competition 10.1 Monopolistic Competition 18

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Attachment

OpenStax_Economics_CH11_ImageSlideshow-acc.pptx OpenStax_Economics_CH11_ImageSlideshow-acc.pptx 19

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Attachment

OpenStax_Economics_CH10_ImageSlideshow-acc.pptx OpenStax_Economics_CH10_ImageSlideshow-acc.pptx 20

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External Url

Census Bureau Concentration Ratio Data Census Bureau Concentration Ratio Data 21

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External Url

Food Brands Food Brands 22

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Context Module Sub Header

Assignments 23

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Quiz

Exam 3 (Chapters 10-13) Exam 3 (Chapters 10-13) 100 24

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Assignment

Graded Quiz--Chapter 14 Graded Quiz--Chapter 14 10 25

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Assignment

Graded Quiz--Chapter 15 Graded Quiz--Chapter 15 10 26

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Assignment

Questions--Chapter 14 Questions--Chapter 14 10 27

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Assignment

Questions--Chapter 15 Questions--Chapter 15 10 28

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Assignment

Paper 5 Paper 5 10 29

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Week 6: 08.02

Week 6: 08.02 Week 6: 08.02

Page

Week 6 Overview Week 6 Overview 1

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Context Module Sub Header

Zoom Captures 2

context_module_sub_header 1322154 0

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Context Module Sub Header

From Lecture 3

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External Url

08.03 Synchronous Session 08.03 Synchronous Session 4

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Context Module Sub Header

Content-Specific 5

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External Tool

Rivalry and Excludability Rivalry and Excludability 6

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Context Module Sub Header

Extra Reading/Resources 7

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External Url

12 Introduction to Environmental Protection and Negative Externalities 12 Introduction to Environmental Protection and Negative Externalities 8

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External Url

12.1 The Economics of Pollution 12.1 The Economics of Pollution 9

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External Url

12.2 Command-and-Control Regulation 12.2 Command-and-Control Regulation 10

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External Url

12.3 Market-Oriented Environmental Tools 12.3 Market-Oriented Environmental Tools 11

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External Url

12.4 The Benefits and Costs of U.S. Environmental Laws 12.4 The Benefits and Costs of U.S. Environmental Laws 12

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External Url

12.5 International Environmental Issues 12.5 International Environmental Issues 13

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External Url

12.6 The Tradeoff between Economic Output and Environmental Protection 12.6 The Tradeoff between Economic Output and Environmental Protection 14

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External Url

13 Introduction to Positive Externalities and Public Goods 13 Introduction to Positive Externalities and Public Goods 15

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External Url

13.1 Why the Private Sector Underinvests in Innovation 13.1 Why the Private Sector Underinvests in Innovation 16

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External Url

13.2 How Governments Can Encourage Innovation 13.2 How Governments Can Encourage Innovation 17

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External Url

13.3 Public Goods 13.3 Public Goods 18

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Attachment

OpenStax_Economics_CH12_ImageSlideshow-acc.pptx OpenStax_Economics_CH12_ImageSlideshow-acc.pptx 19

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Attachment

OpenStax_Economics_CH13_ImageSlideshow-acc.pptx OpenStax_Economics_CH13_ImageSlideshow-acc.pptx 20

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Context Module Sub Header

Assignments 21

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Assignment

Graded Quiz--Chapter 16 Graded Quiz--Chapter 16 10 22

assignment 1322161 1

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Assignment

Graded Quiz--Chapter 17 Graded Quiz--Chapter 17 10 23

assignment 1322180 1

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Assignment

Questions--Chapter 16 Questions--Chapter 16 10 24

assignment 1322162 1

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Assignment

Questions--Chapter 17 Questions--Chapter 17 10 25

assignment 1322181 1

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Assignment

Paper 6 Paper 6 10 26

assignment 1322160 1

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Score at least Must score at least to complete this module item Scored at least Module item has been completed by scoring at least Score at least % Must score at least % to complete this module item Scored at least % Module item has been completed by scoring at least % View Must view in order to complete this module item Viewed Module item has been viewed and is complete Mark done Must mark this module item done in order to complete Marked done Module item marked as done and is complete Contribute Must contribute to this module item to complete it Contributed Contributed to this module item and is complete Submit Must submit this module item to complete it Submitted Module item submitted and is complete

Course Modules

Course Information

Synchronous Session Information 2

Session Zoom ID: 965 7662 4020 4

Session Passcode: micro 5

Office Hours 6

Resources 8

Practice Material 12

Week 0: Before 06.28

Welcome! 1

Student Support & Resources 5

Week 1: 06.28

Zoom Captures 2

From Lecture 3

Content-Specific 6

Extra Reading/Resources 11

Assignments 22

Week 2: 07.05

Zoom Captures 2

From Lecture 3

Content-Specific 6

Extra Reading/Resources 12

Assignments 21

Week 3: 07.12

Zoom Captures 2

From Lecture 3

Content-Specific 5

Extra Reading/Resources 17

Assignments 30

Week 4: 07.19

Zoom Captures 2

From Lecture 3

Content-Specific 6

Extra Reading/Resources 26

Assignments 48

Week 5: 07.26

Zoom Captures 2

From Lecture 3

Content-Specific 6

Extra Reading/Resources 10

Assignments 23

Week 6: 08.02

Zoom Captures 2

From Lecture 3

Content-Specific 5

Extra Reading/Resources 7

Assignments 21