Objective:
At the end of the lesson, students should understand the following:
The fundamental nature of economics - unlimited wants and scarce resources and the need to make choices.
The three questions related to the economic problem and its implications for an economy.
A definition of opportunity cost.
Production possibility frontiers and their relevance to the concept of opportunity cost.

Course Description:
The purpose of the course is to give students a thorough understanding of the principles of economics that are applied to the functions of individual decision makers, both consumers and producers, within the larger economic system.

Content:
Lesson 1: Intro to Microeconomics
Lesson 1 Quiz
Lesson 2: Demand
Lesson 2 Quiz
Lesson 3: Supply
Lesson 3 Quiz
Lesson 4: Elasticity
Lesson 4 Quiz
Lesson 5: Consumer and Producer Surplus
Lesson 5 Quiz
Lesson Review
Lesson 6: Market Structure
Lesson 6 Quiz
Lesson 7: Externalities
Lesson 7 Quiz
Lesson 8: Public Goods
Lesson 8 Quiz
Lesson 9: Consumers, Producers and the Efficiency of Markets
Lesson 9 Quiz
Lesson 10: The Cost of Production
Lesson 10 Quiz
Final Exam

Bibliography:
**NOTE** You will need Microsoft Power Point for the first link below

1. classes.uleth.ca/200501/econ10102/lecture%231.ppt

Demand- CliffsNotes.com. Demand. 23 Jan 2008
http://www.cliffsnotes.com/WileyCDA/CliffsReviewTopic/topicArticleId-9789,articleId-9728.html

1. CliffsNotes.com. Supply. 23 Jan 2008
   http://www.cliffsnotes.com/WileyCDA/CliffsReviewTopic/topicArticleId-9789,articleId-9729.html
2. CliffsNotes.com. Elasticity. 23 Jan 2008
   http://www.cliffsnotes.com/WileyCDA/CliffsReviewTopic/topicArticleId-9789,articleId-9731.html
3. http://en.wikipedia.org/wiki/Elasticity_(economics)
4. http://www.investopedia.com/university/economics/economics4.asp
5. http://en.wikipedia.org/wiki/Income_elasticity_of_demand
6. http://www.bized.co.uk/educators/16-19/economics/markets/lesson/surplus.htm
7. http://en.wikipedia.org/wiki/Consumer_surplus
8. http://en.wikipedia.org/wiki/Market_form
9. http://www.bized.co.uk/educators/16-19/economics/firms/presentation/structure.ppt

http://www.bized.co.uk/educators/16-19/economics/marketfail/presentation/261,6,Positive and Negative Externalities
http://www.cabnr.unr.edu/price/APEC100/256,1,Market and Public Goods Failure: Externalities

1. http://en.wikipedia.org/wiki/Public_good#The_free_rider_problem
2. http://virtual.mjc.edu/rlamont/EconPPT/micro/260,5,“The best things in life are free. . .”
3. http://en.wikipedia.org/wiki/Public_good#The_free_rider_problem
4. http://www.ssc.wisc.edu/~mbrown/534,1,Slide 1
5. http://personales.unican.es/carreraa/economia/microeconomics/294,37,The End
6. http://academic.kellogg.edu/mckayg/micro/presentations/print/MicroPresentation6.rtf