TROY UNIVERSITY
MASTER SYLLABUS
SORRELL COLLEGE OF BUSINESS
ECO 2252
Principles of Microeconomics
Prerequisites
None.
Description
Microeconomic theories of value, production, distribution of income, and basic international
economic analysis.
Student learning outcomes - On completion of the course, the student should be able to:
1. Understand and explain scarcity, opportunity cost, and choice.
2. Use supply and demand analysis explain the role of prices and markets in a capitalist
system.
3. Demonstrate the effects of price controls on the market, as well as identify sources of
market failure.
4. Explain market structure (i.e., perfect competition and monopoly), and use basic concepts
of elasticity, revenue, production, and costs.
5. Explain the principles of comparative advantage, gains from trade, and determinants of
exchange rates.
Purpose
To provide familiarity with the basic microeconomic theories and principles that applies to
everyday life. Included are such concepts as consumer behavior, the theory of the firm, and
fundamental international analysis. Prerequisite for admission into upper-level business courses.
Master Syllabi are developed by the senior faculty in each business discipline. This Master Syllabus must be used as the basis for developing the
instructor syllabus for this course, which must also comply with the content specifications outlined in the Troy University Faculty Handbook.
The objectives included on this Master Syllabus must be included among the objectives on the instructor’s syllabus, which may expand upon the
same as the instructor sees fit. The statement of purpose seeks to position the course properly within the curriculum and should be consulted by
faculty as a source of advisement guidance. Specific choice of text and other details are further subject to Program Coordinator guidance.
19 April 2011
Master Syllabus: ECO 2252 (Revised August 2013)
2
Approved Text
Lecture Classes only:
Cowen, T. & Tabarrok, A. (current). Modern Principles: Microeconomics. Worth
Publishers.
Gwartney, J., Stroup, R., Sobel, R., & Macpherson, D. (current). Microeconomics:
Private and Public Choice. South-Western/Cengage.
Mankiw, N. G. (current). Principles of Microeconomics. South-Western/Cengage.
McConnell, C., Brue, S., & Flynn, S. (current). Microeconomics. McGraw-Hill Learning
Solutions.
eTROY Classes:
Mankiw, N. G. (2011). Principles of Microeconomics (6th ed.) South-Western/Cengage.
Approved Supplements
Landsburg, S. (current). The Armchair Economist. Free Press.
Leeson, P. (2011). The Invisible Hook. Princeton University Press.
And as deemed appropriate.
Troy University Faculty Handbook (2010): Section 3.9.2.8 [extract] — essential elements of the syllabus (somewhat modified for space):
1. Course title
2. Course number +
section
3. Term
4. Instructor
5. Prerequisites
6. Office hours
7. Class days, times
8. Classroom
location
9. Office location +
e-mail address
10. Office telephone
11. Course
description,
objectives
12. Text(s)
13. Other materials
14. Grading methods, 16. General supports
criterion weights,
(computer works,
make-up policy,
writing center)
mid-term grade
17. Daily assignments,
reports
holidays, add/drop
15. Procedure, course
& open dates, dead
requirements
day, final exam
18. ADA statement
19. Electronic device
statement
20. Additional
services,
statements
21. Absence policy
22. Incomplete-work
policy
23. Cheating policy
24. Specialization
requirements
(certification,
licensure, teacher
competencies)