ECO 2180 Principles of Microeconomics
Microeconomic theory including price theory, the theory of the firm, resource demand and wage determination. Also includes public policy toward business, economic inequality, labor, trade, balance of payments and the economics of third-world nations. Traditional testing (proctored or in Testing Center) is used in all online sections.
Prerequisites: DEV 0035 and MAT 0050 or MAT 1120
Course Outcomes
- Differentiate firm behavior in competitive markets and imperfect markets.
- Define basic microeconomics terms and concepts, including resource allocation, scarcity and choice, equilibrium, efficiency, positive and normative economics, comparative advantage, and specialization.
- Describe supply and demand, the function of prices in markets, and how markets work and sometimes don’t work, for example market failure and externalities.
- Explain the concepts of opportunity cost and the production possibility frontier.
- Identify the effects of government intervention in markets.
- Identify the costs of production and describe production theory.
- Explain how consumers make choices.
Credit Hours: 3
- Classroom: 3 hours
- Division: Business and Public Services
- Department: Economics and Finance
- Repeatable Credit: No
- Offered Online: Yes
Downtown Dayton Campus
Bldg 1, Rm 121
Faculty: Erbe
Term: Spring 2024
Format: Course meets in person on scheduled days and times.
Open Seats: 21
Meets: TTH from 9:30AM to 10:45AM
Section: 201
Open Seats: 21
Meets: TTH from
9:30AM to 10:45AM
9:30AM to 10:45AM
Section: 201
Downtown Dayton Campus
Bldg 5, Rm 318
Faculty: Daoud
Term: Spring 2024
Format: Course meets in person on scheduled days and times.
Open Seats: 14
Meets: MW from 11:00AM to 12:15PM
Section: 101
Open Seats: 14
Meets: MW from
11:00AM to 12:15PM
11:00AM to 12:15PM
Section: 101
Downtown Dayton Campus
Bldg 1, Rm 121
Faculty: Erbe
Term: Spring 2024
Format: Course meets in person on scheduled days and times.
Open Seats: 17
Meets: TTH from 11:00AM to 12:15PM
Section: 203
Open Seats: 17
Meets: TTH from
11:00AM to 12:15PM
11:00AM to 12:15PM
Section: 203
Downtown Dayton Campus
Bldg 5, Rm 318
Faculty: Daoud
Term: Spring 2024
Format: Course meets in person on scheduled days and times.
Open Seats: 14
Meets: MW from 12:30PM to 1:45PM
Section: 103
Open Seats: 14
Meets: MW from
12:30PM to 1:45PM
12:30PM to 1:45PM
Section: 103
Online Learning
Faculty: Erbe
Term: Spring 2024
Format: Complete work online when it fits your schedule, while adhering to weekly deadlines. No scheduled meeting times. Requires computer and high-speed internet.
Course Fee: $22.50
Open Seats: 18
Section: 503
Open Seats: 18
Section: 503
Centerville Campus
Centerville, Rm 111
Faculty: Zavakos
Term: Spring 2024
Format: Course meets in person on scheduled days and times.
Open Seats: 26
Meets: MW from 11:00AM to 12:15PM
Section: C01
Open Seats: 26
Meets: MW from
11:00AM to 12:15PM
11:00AM to 12:15PM
Section: C01
Online Learning
Faculty: Daoud
Term: Spring 2024
Format: Condensed content. Shorter than normal term - meets once or a few times only. Complete work online when it fits your schedule, while adhering to weekly deadlines. No scheduled meeting times. Requires computer and high-speed internet.
Note: A Term
Course Fee: $22.50
Open Seats: 24
Section: A51
Open Seats: 24
Section: A51
Online Learning
Faculty: Erbe
Term: Spring 2024
Format: Condensed content. Shorter than normal term. Complete work online when it fits your schedule, while adhering to weekly deadlines. No scheduled meeting times. Requires computer and high-speed internet.
Note: 12 Week Term
Course Fee: $22.50
Open Seats: 24
Section: 5T1
Open Seats: 24
Section: 5T1
Online Learning
Faculty: Beck
Term: Spring 2024
Format: Condensed content. Shorter than normal term - meets once or a few times only. Complete work online when it fits your schedule, while adhering to weekly deadlines. No scheduled meeting times. Requires computer and high-speed internet.
Note: B Term
Course Fee: $22.50
Open Seats: 27
Section: B51
Open Seats: 27
Section: B51