Eco 110: Principles of Economics I: Microeconomics


Contents

General Education Statement for Eco 110

Eco 110 is a General Education course in the Social Sciences category.

All general education courses have the following characteristics:
1. They offer explicit understanding of the procedures and practices of disciplines and interdisciplinary fields.
2. They provide multiple perspectives on the subject matter, reflecting the intellectual and cultural diversity within and beyond the University.
3. They emphasize active learning in an engaged environment that enables students to become producers as well as consumers of knowledge.
4. They promote critical thinking about the assumptions, goals, and methods of various fields of academic study and the interpretive, analytic, and evaluative competencies central to intellectual development.

As a group, courses satisfying the general education social science requirement focus on the interaction of social, economic, political, geographic, linguistic, religious and/or cultural factors, with emphasis on the ways humans understand the complex nature of their existence. These courses have the common learning objectives that students be able to demonstrate:
1. an understanding that human conduct and behavior more generally are subject to scientific inquiry;
2. an understanding of the difference between rigorous and systematic thinking and uncritical thinking about social phenomena;
3. an understanding of the kinds of questions social scientists ask and the ways they go about answering these questions;
4. knowledge of the major concepts, models and issues of at least one discipline in the social sciences; and
5. an understanding of the methods social scientists use to explore social phenomena, such as observation, hypothesis development, measurement and data collection, experimentation, evaluation of evidence, employment of mathematical analysis, employment of interpretive analysis.

The introductory economics courses (Eco 110 and 111) have several specific learning objectives. Students completing the courses should:
1. understand the economic issues and problems faced by individuals, organizations and society;
2. understand the economic principles that help explain behavior and the range of institutions that affect the allocation of resources; and
3. be able to apply methods of economic analysis (e.g., supply and demand) to behavior and social phenomena.

These specific objectives are closely linked to the General Education social science objectives. By focusing on the fundamental economic issues and problems faced by individuals and society, the courses will provide students an understanding of the issues central to Economics. In emphasizing the process of applying economic concepts and principles, the courses help students understand and gain facility in applying the "economic way of thinking". Students will see how economists use this approach and various economic models to study human behavior. The emphasis on the rigorous modeling of behavior and the distinction between positive and normative analyses underscore the centrality of scientific inquiry in Economics.

[August 2004]

Links for Eco 110