ECON 202 - Principles of Microeconomics (GT-SS1)

Prerequisite

MATH 117 (College Algebra in Context I) or MATH 118 (College Algebra in Context II) or MATH 141 (Calculus in Management Sciences) or MATH 155 (Calculus for Biological Scientists I) or MATH 160 (Calculus for Physical Scientists I). Credit not allowed for both ECON 202 and AREC 202 (Agricultural and Resource Economics).

Description

Principles of Microeconomics is an introduction to decision making by households, firms, and government, and the resulting allocation of resources through markets. This course is designed to introduce you to the subject of economics as it pertains to the behavior of consumers, firms, industries and society, and to their desires to get the most from a limited availability of resources. By the end of the course, you should be able to:
? understand the basic issues of microeconomics, as illustrated by key economic facts and examples from around the world;
? know the basic methods of microeconomics, including basic microeconomic principles and how they are used to build theories of economic behavior;
? apply these principles of economics to critically analyze and explain situations encountered in the real world; and
? appreciate how good economic thinking can help you as a local and global citizen contribute to the making of responsible public policy.

Textbooks and Materials

Unless otherwise indicated, textbooks and materials are required and can be purchased at the CSU Bookstore.

1. Microeconomics, 1st Ed.
   Krugman, Paul and Wells, Robin
   ISBN: 0-7167-5229-8

Instructors

Karen Gebhardt
(970) 491-6653
Karen.Gebhardt@colostate.edu

Karen Gebhardt is an instructor at Colorado State University and an economist at the National Wildlife Research Center in Fort Collins, Colorado. Her research interests, publications and presentations involve wildlife damage management economics, the economics of environmental management with an emphasis on the use of benefit-cost analysis and general equilibrium analysis, and the economics of gender in the United States and world economy. She was the recipient of the Water Pik Excellence in Education Award in 2006 and was nominated for Colorado State University Teacher of the Year in 2006 and 2008.

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