Economics (ECON) 357
Intermediate Microeconomics I (Revision 1)
Revision 1 is closed for registrations, replaced by current version
Area of Study: Social Science
Prerequisite: ECON 247: Microeconomics (or equivalent)
Faculty: Faculty of Business
ECON 357 has a Challenge for Credit option.
ECON 357 builds upon the foundation developed in an introductory course. Through the use of graphical analysis and mathematical problem solving, we extend the discussion and application of important microeconomic concepts. This course focuses on the decisions of individual consumers, firms, market structures, and the economic rationale of government intervention. Particular attention is paid to the theories of supply/demand, consumer behavior, production and cost, competitive and non-competitive markets, and input markets.
- Lesson 1: Preliminaries
- Lesson 2: The Basics of Supply and Demand
- Lesson 3: Consumer Behaviour
- Lesson 4: Individual and Market Demand
- Lesson 5: Production
- Lesson 6: The Costs of Production
- Lesson 7: Profit Maximization and Competitive Supply
- Lesson 8: The Analysis of Competitive Markets
- Lesson 9: Market Power: Monopoly and Monopsony
- Lesson 10: Pricing with Market Power
- Lesson 11: Markets for Factor Inputs
Your final grade in this course will be based on four quizzes, three written assignments, a midterm examination, and a final examination. You must achieve an overall course grade of at least a “D” (50 percent) and a grade of at least 50 percent on the final examination. If your grade on the final examination is below 50 percent, you will not receive credit for the course, even in your overall course grade exceeds “D” (50 percent). The weighting of the composite mark is as follows:
|Quizzes (4 @5% each)||20%|
The examination(s) for this course will be written in the traditional pen and paper format.
To learn more about assignments and examinations, please refer to Athabasca University's online Calendar.
**Note: Students planning to transfer this course to a Professional Accounting designation (i.e., CMA, CGA, CA) are advised that they will be required to achieve a grade higher than the minimum passing grade. See the Professional Accounting Designation Website for details.
Pindyck, R. S., & Rubinfeld, D. L. (2013). Microeconomics (8th ed.). Upper Saddle River, NJ: Pearson Education, Inc. ISBN 9780132857123
Suslow, V. Y., & Hamilton, J. H. (2013). Study Guide - Microeconomics (8th ed.). Upper Saddle River, NJ: Pearson Education, Inc. ISBN 0132870495
A print version of the eTexts can be purchased from the publisher through a direct-to-student link provided in the course website; you can also acquire the textbooks on your own if you wish.
All other learning resources will be available online.
The Challenge for Credit process allows students to demonstrate that they have acquired a command of the general subject matter, knowledge, intellectual and/or other skills that would normally be found in a university level course.
Full information for the Challenge for Credit can be found in the Undergraduate Calendar.
Paper Exam (3 hours)
Undergraduate Challenge for Credit Course Registration Form
Athabasca University reserves the right to amend course outlines occasionally and without notice. Courses offered by other delivery methods may vary from their individualized-study counterparts.
Opened in Revision 1, August 8, 2014.
View previous syllabus
Updated April 03 2019 by Student & Academic Services