Economics Schedule Economics Classroom Rules Economics Academic Expectations Academic Honesty Policy




Economics is the social science that studies the production, distribution, and consumption of goods and services.  The term economics comes from the Greek for oikos (house) and nomos (custom or law), hence "rules of the house(hold)." - Wikipedia

The field of economics is broken down into two distinct areas of study: microeconomics and macroeconomics. The study of microeconomics is concerned with the interaction between individual buyers and sellers and the factors that influence their choices. Microeconomics looks at the smaller picture, and emphasizes basic theories of supply and demand, the study of opportunity cost and scarcity; including concepts such as the nature of product and factor markets, price determination, and marginal cost analysis.

This Economics course will focus on the study of Microeconomics, and in particular will focus on analyzing the market behavior of individual consumers and firms in an attempt to understand the decision-making process of businesses and households.

Course Objectives: 

Students will:

  • Demonstrate mastery of key economic principles such as scarcity, effective decision-making, voluntary exchange, and market principles.

  • Demonstrate mastery of a core of knowledge about the structure, function, and purpose of government and the role of the citizen in American democracy.

  • Read and interpret primary and secondary sources.

  • Develop an awareness of current economic trends.

  • Develop organizational and essay writing-skills.

  • Complete a required research project.

  • Develop an awareness of current events in the content areas being studied.

  • Utilize computer technology to facilitate learning.

There will be approximately three unit tests this semester and a Final Examination. Grades will be based on homework, quizzes, test scores, and simulations.

Required Text:

Economics: Principles in Action. Arthur O'Sullivan, Steven M. Sheffrin. Prentice Hall, 2007.
Recommended Supplemental Reading
(available at Cone Library, as well as at academic and commercial bookstores)
The Armchair Economist.  Steven E. Landsburg.  Free Press.  ISBN 0029177766
Econ 101 1/2.  Elaine Schwartz.  Avon Books.  ISBN 0380775328.
From Here to Economy. Todd G. Buchholz.  ISBN 0452274826.
Hidden Order:  The Economics of Everyday Life.  David Friedman.   HarperBusiness.  ISBN 0887308856.
New Ideas From Dead Economists. (Revised). Todd G. Buchholz.  ISBN 0452280524.

The best site for up-to-date economic issues and information

Robert A. Crawford.
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Revised: January 02, 2008