Core OSS004 Outcome: Core skill demonstrated by students who successfully complete a Principles of Microeconomics Course
Standard: Understand basic microeconomics terms and concepts, including scarcity and choice, equilibrium, efficiency and equity, positive and normative economics, comparative advantage, and specialization.
Core OSS004 Outcome: Core skill demonstrated by students who successfully complete a Principles of Microeconomics Course
Standard: Comprehend firm behavior in competitive markets
Core OSS004 Outcome: Core skill demonstrated by students who successfully complete a Principles of Microeconomics Course
Standard: Apply economic reasoning to better understand and critically evaluate real world circumstances and events
Core OSS004 Outcome: Core skill demonstrated by students who successfully complete a Principles of Microeconomics Course
Standard: Comprehend how consumers make choices
Core OSS004 Outcome: Core skill demonstrated by students who successfully complete a Principles of Microeconomics Course
Standard: Comprehend the concepts of opportunity cost and the production possibility frontier
Core OSS004 Outcome: Core skill demonstrated by students who successfully complete a Principles of Microeconomics Course
Standard: Comprehend firm behavior in imperfect markets
Core OSS004 Outcome: Core skill demonstrated by students who successfully complete a Principles of Microeconomics Course
Standard: Comprehend the effects of government intervention in markets
Core OSS004 Outcome: Core skill demonstrated by students who successfully complete a Principles of Microeconomics Course
Standard: Understand the fundamental economic question of allocating scarce resources
Core OSS004 Outcome: Core skill demonstrated by students who successfully complete a Principles of Microeconomics Course
Standard: Comprehend supply and demand, the function of prices in markets, and how markets work and sometimes don’t work, for example market failure and externalities
Core OSS004 Outcome: Core skill demonstrated by students who successfully complete a Principles of Microeconomics Course
Standard: Comprehend the costs of production
Core OSS004 Outcome: Core skill demonstrated by students who successfully complete a Principles of Microeconomics Course
Standard: Comprehend production theory
Core OSS004 Outcome: Core skill demonstrated by students who successfully complete a Principles of Microeconomics Course
Standard: Understand how economics is a social science that draws conclusions based on hypotheses, theories, and data in order to understand human behavior
Core OSS004 Outcome: Core skill demonstrated by students who successfully complete a Principles of Microeconomics Course
Standard: Comprehend how the markets for resources operate and the determination of wage rates, interest, and rent
Core OSS004 Outcome: Core skill demonstrated by students who successfully complete a Principles of Microeconomics Course
Standard: Understand the determination of income distribution, including poverty and discrimination
Core OSS004 Outcome: Core skill demonstrated by students who successfully complete a Principles of Microeconomics Course
Standard: Comprehend the determinants of international trade flows
Core OSS004 Outcome: Core skill demonstrated by students who successfully complete a Principles of Microeconomics Course
Standard: Comprehend elasticity and its application