If the content you are seeing is presented as unstyled HTML your browser is an older version that cannot support cascading style sheets. If you wish to upgrade your browser you may download Mozilla or Internet Explorer for Windows.

ECON 247 course cover

Economics (ECON) 247
Microeconomics (Revision 7)

Revision 7 closed, replaced by current version.

View previous syllabus.

Delivery mode: Individualized study online or grouped study**

Credits: 3 - Social Science

Prerequisite: None.

Centre: Faculty of Business

ECON 247 has a Challenge for Credit option.

Télé-université du Québec equivalency: ECO 1015

**Note: Students registering in grouped study, or grouped study international mode are advised that there may be some differences in the evaluation and course materials information indicated below. To obtain the most up-to-date information, contact the Faculty of Business Student Support Centre at 1-800-468-6531.

Overview

ECON 247 is designed to introduce microeconomics—the area of economics concerned with the behaviour of specific economic units (households and firms). Microeconomics as a field of study focuses on the operation of the economy at the level of the units in which basic choices are made in the face of scarcity; it is, therefore, primarily concerned with markets and prices.

Outline

Unit 1: The Nature and Method of Economics

Unit 2: The Market System: The Basics of Demand and Supply

Unit 3: Applying the Principles of Supply and Demand

Unit 4: Consumer Choice

Unit 5: The Cost of Production

Unit 6: Price and Output Determination: Pure Competition

Unit 7: Pure Monopoly: Control and Regulation

Unit 8: Price and Output Determination: Monopolistic Competition and Oligopoly

Unit 9: Supply and Demand of Resources

Unit 10: Labour Market Issues, Poverty, and Income Distribution

Top

Evaluation

To receive credit for ECON 247, you must achieve a composite course grade of at least a “D” (50 percent) and a grade of at least 50 percent on the final examination. The weighting of the course assignments is as follows:

10 Quizzes
(3% each)		 Assign. 1 Midterm Exam Assign. 2 Final Exam Total
30% 10% 20% 10% 30% 100%

To learn more about assignments and examinations, please refer to Athabasca University's online Calendar.

Course Materials

Textbook

McConnell, C. R., Brue, S. L., and Barbiero, T. P. (2005). Microeconomics.  (10th Canadian ed.). Toronto: McGraw-Hill Ryerson. ISBN 0-07-091657-8

Other Materials

The course materials also include a workbook. All other course materials will be accessed online.

Top