'BUSC' -- Economics Courses
 
   
 

 
BUSC 1BH Course Image

BUSC 1BH - Principles of
                  Economics
                  - Microeconomics
                  - Honors (3 units)
This course presents economic analysis with emphasis on price and distribution theory, scarcity, opportunity costs, supply, demand, elasticity; price,consumer's behavior; cost theory and output determination under various market structures such as competition, monopoly etc; factor markets; public choice; income distribution; externalities and government regulation; comparative economic systems; international finance.

This is an honors course designed to provide an enriched experience.
Students may not receive credit for both BUSC 1B and BUSC 1BH.
(CAN ECON 4)
(54 hours lecture;      Degree appropriate, CSU, UC)
Prerequisite:  (  BUSC 1A - Principles of Econonomics - Macroeconomics
                           and acceptance into the Honors Program )
                    or  BUSC 1AH - Principles of Econonomics - Macroeconomics - Honors

Course Measurable Objectives:

  1. Demonstrate basic tools of microeconomics analysis to show the price and output decisions with in the four basic market structures.
  2. Solve problems related to consumer and producer behavior both in product market and in factor market.
  3. Demonstrate the application of elasticities in real world phenomenon.
  4. Demonstrate the operation of market mechanism as it is applied to American economy.
  5. Apply deeper microeconomic analysis to government policies relating to the welfare of market participants and income distribution.
  6. Comment on real life application of market failure relating to public goods and externalities.

Course Level Student Learning Outcomes:


Students completing BUSC 1BH - Principles of Economics, Microeconomics - Honors will:
  1. correctly know the consumers' behavior to maximize their utility by allocating scarce resources.
  2. correctly know the producers behavior to maximize their profit by allocating scarce resources.
  3. know to allocate scarce resources on various commodities to maximize satisfaction
  4. be able to use producer's behavior to determine price of the product they produce under various market situations to maximize profit
NOTE:  Every effort is made to ensure the accuracy and timeliness of this information; however, students should consult the college catalog for the most current and accurate information regarding degrees, certificates, or courses.
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