Principles of Microeconomics

Faculty
Commerce & Business Administration
Department
Economics
Course Code
ECON 1150
Credits
3.00
Semester Length
15 Weeks X 4 Hours per Week = 60 Hours
Max Class Size
35
Method Of Instruction
Lecture
Seminar
Typically Offered
To be determined
Campus
Online

Overview

Course Description
This course will provide the student with the principal elements of theory concerning the functioning of the price system, utility theory and consumer behaviour, production and costs, market structure, factor pricing and government microeconomic policy.
Course Content
  1. The nature of economics.
  2. An overview of the economy.
  3. The price system: demand, supply and price.
  4. Barriers to trade.
  5. Elasticity of demand and supply.
  6. Price controls.
  7. Household consumption behaviour:  marginal utility and/or indifference curve approaches.
  8. Production and cost:  short-run and long-run.
  9. Comparison of firms operating in different market structures.
  10. Factor pricing and the distribution of national income.
  11. Market failure and government intervention.
Methods Of Instruction

Lecture and seminar.

Means of Assessment
Final Examination 30% - 40%
Term Examination(s) 30% - 70%
Assignments (2-4)   0% - 30%
Participation and/or Quizzes        0% - 10%
Total         100%

THERE WILL BE A MINIMUM OF THREE (3) EVALUATIONS.

Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.

Learning Outcomes

At the end of the course, the successful student should be able to:

  1. apply the economic concepts of supply and demand to the process of price determination in both perfect and imperfect markets;
  2. explain household market behaviour and the derivation of an industry demand curve;
  3. evaluate the price and output implications of profit maximizing (loss minimizing) behaviour of firms under different demand, cost and market structure conditions, including the derivation of an industry supply curve;
  4. demonstrate the reasons for, and economic consequences of, various forms of government intervention in different markets.
Textbook Materials

Textbooks and Materials to be Purchased by Students

 

The main text is to be chosen from the following as determined by the instructor:

 

  • Allen, D.  Economic Principles:  Seven Ideas for Thinking…About Almost Anything, Latest Ed.  McInnis     Creek Press.

 

  • Ragan, C.  Economics, Latest Ed.  Pearson Ed. New York:  Harper & Row.  Mankiw, N.G. et al.  Principles of Microeconomis, Latest Ed.  Thomson Nelson.

 

  • Mankiw, N.G. et al.  Principles of Microeconomics, Latest Ed.  Thomson Nelson.

 

  • McConnell, Campbell R., Brue et al.  Economics, Latest Ed.  Toronto:  McGraw-Hill

                Ryerson Limited.

  

  • Parkin, Michael and Robin Bade.  Economics:  Canada in the Global Environment, Latest Ed.  Don Mills:  Addison-Wesley Publishers Limited.

 

  • Silberberg, E.  Principles of Microeconomics, Latest Ed.  Pearson Custom Publishing,

 

  • Or other textbook(s) as approved by the Economics Dept.,

 

        Supplementary materials may be chosen from the following, as determined by the instructor:

 

  • Kennedy and Dorosh.  Dateline Canada, Latest Ed.  Prentice-Hall Canada Inc.

 

  • Study guides for the above texts and the available software.

Requisites

Prerequisites

BC Pre-Calculus 11 OR currently active in the

PDD Accounting or

PDD Accounting Studies or

PDD Global Banking and Economics or

PBD Accounting. 

ECON 1101 recommended.

Corequisites

No corequisite courses.

Equivalencies

Courses listed here are equivalent to this course and cannot be taken for further credit:

  • No equivalency courses

Requisite for

Course Guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.

Course Transfers

Institution Transfer Details Effective Dates
Acsenda School of Management (ASM) ASM ECON 121 (3) 2010/09/01 to -
Acsenda School of Management (ASM) ASM EC 1201 (3) 2006/01/01 to 2010/08/31
Alexander College (ALEX) ALEX ECON 103 (3) 2008/09/01 to -
Athabasca University (AU) AU ECON 247 (3) 2009/01/01 to -
Camosun College (CAMO) CAMO ECON 103 (3) 2013/01/01 to -
Capilano University (CAPU) CAPU ECON 111 (3) 2004/09/01 to -
Coquitlam College (COQU) COQU ECON 201 (3) 2004/09/01 to 2018/08/31
Fairleigh Dickinson University (FDU) FDU ECON 2001 (3) 2007/09/01 to -
Kwantlen Polytechnic University (KPU) KPU ECON 1150 (3) 2004/09/01 to -
Langara College (LANG) LANG ECON 1220 (3) 2004/09/01 to -
North Island College (NIC) NIC ECO 110 (3) 2004/09/01 to -
Okanagan College (OC) OC ECON 115 (3) 2016/01/01 to -
Simon Fraser University (SFU) SFU ECON 103 (3), Q/B-Soc 2004/09/01 to -
Thompson Rivers University (TRU) TRU ECON 1900 (3) 2010/09/01 to -
Thompson Rivers University (TRU) TRU ECON 190 (3) 2004/09/01 to 2010/08/31
Trinity Western University (TWU) TWU ECON 201 (3) 2004/09/01 to -
University of British Columbia - Okanagan (UBCO) UBCO ECON 101 (3) 2004/09/01 to -
University of British Columbia - Vancouver (UBCV) UBCV ECON 101 (3) 2004/09/01 to -
University of Northern BC (UNBC) UNBC ECON 100 (3) 2004/09/01 to -
University of the Fraser Valley (UFV) UFV ECON 100 (3) 2004/09/01 to -
University of Victoria (UVIC) UVIC ECON 103 (1.5) 2004/09/01 to -
Vancouver Community College (VCC) VCC ECON 1100 (3) 2017/05/01 to -
Vancouver Island University (VIU) VIU ECON 211 (3) 2004/09/01 to -

Course Offerings

Summer 2021

CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
22012
Thu
10-May-2021
- 09-Aug-2021
10-May-2021
09-Aug-2021
Matadeen
Allan
Open
Online
Students should plan to be available on-line at scheduled course times. This course will include synchronous on-line activities.
Max
Enrolled
Remaining
Waitlist
35
0
35
0
Days
Building
Room
Time
Thu
9:30 - 12:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
22046
Tue
10-May-2021
- 09-Aug-2021
10-May-2021
09-Aug-2021
Matadeen
Allan
Open
Online
Students should plan to be available on-line at scheduled course times. This course will include synchronous on-line activities.
Max
Enrolled
Remaining
Waitlist
35
0
35
0
Days
Building
Room
Time
Tue
9:30 - 12:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
22104
Tue Thu
10-May-2021
- 09-Aug-2021
10-May-2021
09-Aug-2021
Teng
Rosilyn
Open
Online
Students should plan to be available on-line at scheduled course times. This course will include synchronous on-line activities.
Max
Enrolled
Remaining
Waitlist
35
0
35
0
Days
Building
Room
Time
Tue Thu
12:30 - 14:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
22131
Mon Wed
10-May-2021
- 09-Aug-2021
10-May-2021
09-Aug-2021
Teng
Rosilyn
Open
Online
Students should plan to be available on-line at scheduled course times. This course will include synchronous on-line activities.
Max
Enrolled
Remaining
Waitlist
35
0
35
0
Days
Building
Room
Time
Mon Wed
12:30 - 14:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
22457
Wed
10-May-2021
- 09-Aug-2021
10-May-2021
09-Aug-2021
Matadeen
Allan
Open
Online
Students should plan to be available on-line at scheduled course times. This course will include synchronous on-line activities.
Max
Enrolled
Remaining
Waitlist
35
0
35
0
Days
Building
Room
Time
Wed
9:30 - 12:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
22570
Tue Thu
10-May-2021
- 09-Aug-2021
10-May-2021
09-Aug-2021
Marshall
Leslie
Open
Online
Students should plan to be available on-line at scheduled course times. This course will include synchronous on-line activities.
Max
Enrolled
Remaining
Waitlist
34
0
34
0
Days
Building
Room
Time
Tue Thu
9:30 - 11:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
22806
Mon
10-May-2021
- 09-Aug-2021
10-May-2021
09-Aug-2021
Matadeen
Allan
Open
Online
Students should plan to be available on-line at scheduled course times. This course will include synchronous on-line activities.
Max
Enrolled
Remaining
Waitlist
34
0
34
0
Days
Building
Room
Time
Mon
9:30 - 12:20