Course ePortfolio

Principles of Microeconomics

This collection contains the California Open Educational Resources Council (CA OER) list of peer-reviewed textbooks for Principles of Microeconomics (common course-id ECON 201), one of the top 50 college courses identified for inclusion in the California Open Online Library for Education (COOLforEd).

CID Number:  ECON 201

General Course Description:  ECON 201

This is an introductory course focusing on choices of individual economic decision-makers. Topics include scarcity, specialization and trade, market equilibrium, elasticity, production and cost theory, market structures, factor markets, and market failure.

Minimum Units: 3.0


Prerequisite(s): Elementary Algebra

Corequisite(s): None

Advisories/Recommendations: Intermediate Algebra

Pedagogical Approach


Learning Outcomes

At the conclusion of this course, the student should be able to:

  • Utilize the concept of scarcity to explain economic trade-offs, opportunity costs, and rational behavior.
  • Calculate and interpret measures of elasticity. 
  • Demonstrate how markets function and what happens in the presence of market failures. 
  • Analyze production and costs of the firm.
  • Demonstrate how firms attempt to optimize their objectives in response to price signals under a variety of market structures in the short and long-run.


Assessed written work is recommended for this course and may include any of the following (colleges are encouraged to work with local CSU and UC departments to determine writing requirements):

  •           Current event analysis
  •           Term papers
  •           Essay questions on exams       
  •           Exams and Quizzes containing one or more:
  •           Multiple Choice questions
  •           Short answers
  •           Problem Solving
  •           True/False
  •           Essays
  •           Homework Problem Sets
  •           Presentations
  •           Debates and class discussion
  •           Group projects
  •           Experiments

Other Information


Course Resources

  • Principles of Microeconomics 2.0
    Principles of Microeconomics 2.0 (Open (Access) Textbook)
    NOTE: This 2.0 version has a cost to students of either $24 or $49. Version 1.0 is available for free... More
  • Modern Microeconomics
    Modern Microeconomics (Open (Access) Textbook)
    Bookboon’s free text authored by Sanjay Rode provides an explanation of modern microeconomic theories with simple... More
  • Microeconomics: Theory Through Applications
    Russell and Andrew’s open textbook presents all the theory that is standard in Principles books. But by beginning with... More
  • Principles of Microeconomics
    Principles of Microeconomics (Open (Access) Textbook)
    The OpenStax College text authored by Taylor and Greenlaw covers the scope and sequence for a one-semester... More
  • Principles of Economics
    Principles of Economics (Open (Access) Textbook)
    This is a free, online textbook from Saylor Foundation. The authors teach economics as the study of choice by providing... More
  • Principles of Microeconomics 1.0
    Principles of Microeconomics 1.0 (Open (Access) Textbook)
    The authors teach economics as the study of choice by providing students with an accessible, straightforward overview of... More