{"id":5,"date":"2018-11-08T17:05:03","date_gmt":"2018-11-08T17:05:03","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/atd-alamo-microeconomics\/2018\/11\/08\/chapter-1\/"},"modified":"2019-01-08T22:55:29","modified_gmt":"2019-01-08T22:55:29","slug":"chapter-1","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/atd-alamo-microeconomics\/chapter\/chapter-1\/","title":{"raw":"Course Map","rendered":"Course Map"},"content":{"raw":"Course map created by Mike Munoz, Alamo Colleges\r\n\r\nDownload the excel version here.<\/a>\r\n\r\nhttps:\/\/openstax.org\/details\/books\/principles-microeconomics-2e<\/a>\r\n\r\nAll assessments are from the OpenStax text and resources.\r\n\r\n \r\n\r\n \r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
Explain the role of scarcity, specialization, opportunity cost, and cost\/benefit analysis in economic decision-making.<\/td>\r\nScarcity<\/span><\/td>\r\nChapter 1 - Welcome to Economics<\/td>\r\n<\/tr>\r\n
<\/td>\r\nOpportunity Cost<\/span><\/td>\r\nChapter 2 - Choices in a World of Scarcity<\/td>\r\n<\/tr>\r\n
<\/td>\r\nCost\/Benefit Analysis<\/td>\r\nChapter 2 - Choices in a World of Scarcity<\/td>\r\n<\/tr>\r\n
Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.<\/td>\r\nSupply<\/td>\r\nChapter 3 - Demand and Supply<\/td>\r\n<\/tr>\r\n
<\/td>\r\nDemand<\/td>\r\nChapter 3 - Demand and Supply<\/td>\r\n<\/tr>\r\n
<\/td>\r\nShifts<\/td>\r\nChapter 3 - Demand and Supply<\/td>\r\n<\/tr>\r\n
<\/td>\r\nEquilibrium<\/td>\r\nChapter 3 - Demand and Supply<\/td>\r\n<\/tr>\r\n
Summarize the law of diminishing marginal utility; describe the process of utility maximization.<\/td>\r\nLaw of Diminishing Marginal Utility<\/td>\r\nChapter 6 - Consumer Choice<\/td>\r\n<\/tr>\r\n
<\/td>\r\nUtility Maximization<\/td>\r\nChapter 6 - Consumer Choice<\/td>\r\n<\/tr>\r\n
Calculate supply and demand elasticities, identify the determinants of price elasticity of demand and supply, and demonstrate the relationship between elasticity and total revenue.<\/td>\r\nSupply Elasticities<\/td>\r\nChapter 5 - Elasticity<\/td>\r\n<\/tr>\r\n
<\/td>\r\nDemand Elasticities<\/td>\r\nChapter 5 - Elasticity<\/td>\r\n<\/tr>\r\n
<\/td>\r\nDeterminants<\/td>\r\nChapter 5 - Elasticity<\/td>\r\n<\/tr>\r\n
<\/td>\r\nElasticity & Total Revenue<\/td>\r\nChapter 5 - Elasticity<\/td>\r\n<\/tr>\r\n
Describe the production function and the Law of Diminishing Marginal Productivity; calculate and graph short-run and long-run costs of production.<\/td>\r\nProduction Function<\/td>\r\nChapter 7 - Cost and Industry Structure<\/td>\r\n<\/tr>\r\n
<\/td>\r\nLaw of Diminishing Marginal Productivity<\/td>\r\nChapter 7 - Cost and Industry Structure<\/td>\r\n<\/tr>\r\n
<\/td>\r\nCalculate and Graph Costs of Production<\/td>\r\nChapter 7 - Cost and Industry Structure<\/td>\r\n<\/tr>\r\n
Identify the four market structures by characteristics; calculate and graph the profit maximizing price and quantity in the output markets by use of marginal analysis.<\/td>\r\nMarket Structures<\/td>\r\nChapter 8 - Perfect Competition; Chapter 9 - Monopoly; Chapter 10 - Monopolistic Competition & Oligopoly; Chapter 11 Monopoly and Antitrust Policy<\/td>\r\n<\/tr>\r\n
<\/td>\r\nCalculate & Graph<\/td>\r\nChapter 8 - Perfect Competition; Chapter 9 - Monopoly; Chapter 10 - Monopolistic Competition & Oligopoly; Chapter 11 Monopoly and Antitrust Policy<\/td>\r\n<\/tr>\r\n
<\/td>\r\nMarginal Analysis<\/td>\r\nChapter 8 - Perfect Competition; Chapter 9 - Monopoly; Chapter 10 - Monopolistic Competition & Oligopoly; Chapter 11 Monopoly and Antitrust Policy<\/td>\r\n<\/tr>\r\n
Determine the profit maximizing price and quantity of resources in factor markets under perfect and imperfect competition by use of marginal analysis.<\/td>\r\nFactor Markets<\/td>\r\nChapter 4 - Labor and Financial Markets; Chapter 15 - Issues in Labor Markets: Unions, Discrimination, Immigration<\/td>\r\n<\/tr>\r\n
Describe governmental efforts to address market failure such as monopoly power, externalities, and public goods.<\/td>\r\nMonopoly Power<\/td>\r\nChapter 11 - Monopoly and Antitrust Policy; Chapter 12 - Environmental Protection and Negative Externalities; Chapter 13 - Positive Externalities and Public Goods<\/td>\r\n<\/tr>\r\n
<\/td>\r\nExternalities<\/td>\r\nChapter 11 - Monopoly and Antitrust Policy; Chapter 12 - Environmental Protection and Negative Externalities; Chapter 13 - Positive Externalities and Public Goods<\/td>\r\n<\/tr>\r\n
<\/td>\r\nPublic Goods<\/td>\r\nChapter 11 - Monopoly and Antitrust Policy; Chapter 12 - Environmental Protection and Negative Externalities; Chapter 13 - Positive Externalities and Public Goods<\/td>\r\n<\/tr>\r\n
Identify the benefits of free trade using the concept of comparative advantage.<\/td>\r\nFree Trade<\/td>\r\nChapter 19 - International Trade; Chapter 20 - Globalization and Protectionism<\/td>\r\n<\/tr>\r\n
<\/td>\r\nComparative Advantage<\/td>\r\nChapter 2 - Choice in a World of Scarcity; Chapter 19 - International Trade<\/td>\r\n<\/tr>\r\n
ALL ASSESSMENTS ARE FROM THE OPENSTAX TEXT AND RESOURCES<\/strong><\/td>\r\n<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n ","rendered":"

Course map created by Mike Munoz, Alamo Colleges<\/p>\n

Download the excel version here.<\/a><\/p>\n

https:\/\/openstax.org\/details\/books\/principles-microeconomics-2e<\/a><\/p>\n

All assessments are from the OpenStax text and resources.<\/p>\n

 <\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Explain the role of scarcity, specialization, opportunity cost, and cost\/benefit analysis in economic decision-making.<\/td>\nScarcity<\/span><\/td>\nChapter 1 – Welcome to Economics<\/td>\n<\/tr>\n
<\/td>\nOpportunity Cost<\/span><\/td>\nChapter 2 – Choices in a World of Scarcity<\/td>\n<\/tr>\n
<\/td>\nCost\/Benefit Analysis<\/td>\nChapter 2 – Choices in a World of Scarcity<\/td>\n<\/tr>\n
Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.<\/td>\nSupply<\/td>\nChapter 3 – Demand and Supply<\/td>\n<\/tr>\n
<\/td>\nDemand<\/td>\nChapter 3 – Demand and Supply<\/td>\n<\/tr>\n
<\/td>\nShifts<\/td>\nChapter 3 – Demand and Supply<\/td>\n<\/tr>\n
<\/td>\nEquilibrium<\/td>\nChapter 3 – Demand and Supply<\/td>\n<\/tr>\n
Summarize the law of diminishing marginal utility; describe the process of utility maximization.<\/td>\nLaw of Diminishing Marginal Utility<\/td>\nChapter 6 – Consumer Choice<\/td>\n<\/tr>\n
<\/td>\nUtility Maximization<\/td>\nChapter 6 – Consumer Choice<\/td>\n<\/tr>\n
Calculate supply and demand elasticities, identify the determinants of price elasticity of demand and supply, and demonstrate the relationship between elasticity and total revenue.<\/td>\nSupply Elasticities<\/td>\nChapter 5 – Elasticity<\/td>\n<\/tr>\n
<\/td>\nDemand Elasticities<\/td>\nChapter 5 – Elasticity<\/td>\n<\/tr>\n
<\/td>\nDeterminants<\/td>\nChapter 5 – Elasticity<\/td>\n<\/tr>\n
<\/td>\nElasticity & Total Revenue<\/td>\nChapter 5 – Elasticity<\/td>\n<\/tr>\n
Describe the production function and the Law of Diminishing Marginal Productivity; calculate and graph short-run and long-run costs of production.<\/td>\nProduction Function<\/td>\nChapter 7 – Cost and Industry Structure<\/td>\n<\/tr>\n
<\/td>\nLaw of Diminishing Marginal Productivity<\/td>\nChapter 7 – Cost and Industry Structure<\/td>\n<\/tr>\n
<\/td>\nCalculate and Graph Costs of Production<\/td>\nChapter 7 – Cost and Industry Structure<\/td>\n<\/tr>\n
Identify the four market structures by characteristics; calculate and graph the profit maximizing price and quantity in the output markets by use of marginal analysis.<\/td>\nMarket Structures<\/td>\nChapter 8 – Perfect Competition; Chapter 9 – Monopoly; Chapter 10 – Monopolistic Competition & Oligopoly; Chapter 11 Monopoly and Antitrust Policy<\/td>\n<\/tr>\n
<\/td>\nCalculate & Graph<\/td>\nChapter 8 – Perfect Competition; Chapter 9 – Monopoly; Chapter 10 – Monopolistic Competition & Oligopoly; Chapter 11 Monopoly and Antitrust Policy<\/td>\n<\/tr>\n
<\/td>\nMarginal Analysis<\/td>\nChapter 8 – Perfect Competition; Chapter 9 – Monopoly; Chapter 10 – Monopolistic Competition & Oligopoly; Chapter 11 Monopoly and Antitrust Policy<\/td>\n<\/tr>\n
Determine the profit maximizing price and quantity of resources in factor markets under perfect and imperfect competition by use of marginal analysis.<\/td>\nFactor Markets<\/td>\nChapter 4 – Labor and Financial Markets; Chapter 15 – Issues in Labor Markets: Unions, Discrimination, Immigration<\/td>\n<\/tr>\n
Describe governmental efforts to address market failure such as monopoly power, externalities, and public goods.<\/td>\nMonopoly Power<\/td>\nChapter 11 – Monopoly and Antitrust Policy; Chapter 12 – Environmental Protection and Negative Externalities; Chapter 13 – Positive Externalities and Public Goods<\/td>\n<\/tr>\n
<\/td>\nExternalities<\/td>\nChapter 11 – Monopoly and Antitrust Policy; Chapter 12 – Environmental Protection and Negative Externalities; Chapter 13 – Positive Externalities and Public Goods<\/td>\n<\/tr>\n
<\/td>\nPublic Goods<\/td>\nChapter 11 – Monopoly and Antitrust Policy; Chapter 12 – Environmental Protection and Negative Externalities; Chapter 13 – Positive Externalities and Public Goods<\/td>\n<\/tr>\n
Identify the benefits of free trade using the concept of comparative advantage.<\/td>\nFree Trade<\/td>\nChapter 19 – International Trade; Chapter 20 – Globalization and Protectionism<\/td>\n<\/tr>\n
<\/td>\nComparative Advantage<\/td>\nChapter 2 – Choice in a World of Scarcity; Chapter 19 – International Trade<\/td>\n<\/tr>\n
ALL ASSESSMENTS ARE FROM THE OPENSTAX TEXT AND RESOURCES<\/strong><\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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