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

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Prerequisite(s): Elementary Algebra

Corequisite(s): None

Advisories/Recommendations: Intermediate Algebra

Pedagogical Approach

None

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.

Assessment

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

None

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