Lecture Slide 1-1 PDF

5/20/2018 Lecture Slide 1-1 PDF

1/20

Econ 201: Principles ofMicroeconomics


2/20


3/20


4/20


5/20


6/20

Topics1. Describe the concept of opportunity costs2. Describe the production possibility frontier

3. Understand utility and indifference curves and show how theyaffect consumer choice4. Understand how prices changes affect consumption choices5. Understand the concept and definition of income and priceelasticity

6. Distinguish between fixed and variable costs7. Understand the law of diminishing marginal return8. Explain the difference between consumer and producer surplus9. Explain the sources and nature of a firms cost10. Understand the conditions for perfect competition, monopoly,

and oligopoly11. Differentiate between positive and negative externalities12. Explain and give examples of public goods and market failures13. Know the concepts of free rider, moral hazard, and types ofother externalities14. Define institutions and explain the significance of institutions

in an economy


7/20


8/20

Syllabus


9/20

Textbook


10/20


11/20


12/20

CSUF Bookstore


13/20

But this is textbook price. You have to add

MyEconlab access code price.


14/20

www.myeconlab.com


15/20

www.myeconlab.com


16/20


17/20

Renting etextbook


18/20

www.coursesmart.com/


19/20

What are Required...

MyEconLab instant access for Foundationof Macroeconomics, 6th Edition

Print or eTextbook of Microeconomics, 6thor 7th Edition


20/20

Class Supplements

MyEconLab

TITANium

Lecture Slide 1-1 PDF

Documents

Transcript of Lecture Slide 1-1 PDF