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Course Syllabus and Information
Woodard R. Springstube, Ph.D.
Fall, 2008
I. Course Number, Title, and Catalog Description
ECO 2302 Introduction to Microeconomics
Microeconomics is the social science that studies the ways individual economic agents
allocate scarce resources to unlimited wants. Topics of the course include introductions
to: Supply and demand, elasticity of supply and demand, consumer behavior, firm
behavior, competition, monopoly, oligopoly, and monopolistic competition, resource
markets, market failures, antitrust policy, and issues of economic equity.
II. Office Hours and Contact Information
Office: C-268
Hours: M 2:00-5:00, TR 2:30-5:00, or by appointment
Phone: (512) 313-5303 (office), (512) 832-6820 (home, use with discretion), and
(512) 413-9451 (cellular).
e-mail: Woodard.Springstube@concordia.edu
III. Mission Statement of the College of Business
The mission of the College of Business is to empower our students to become persons of
influence.
IV. General Objective of the Course
Generally, this course should give students a basic knowledge of and appreciation for the
way that individual economic agents make consumption and production decisions, the
roll of markets in resource allocation, and the various forms of market failure.
V. Course Objectives
A. Understand the basic paradigms of economics and their relationship to economic
analysis.
1. The underlying assumptions of economic analysis
2. Production Possibilities Frontier
3. Economic systems
4. Marginal analysis
B. Basic Consumer Theory
1. Utility maximization, marginal utility, and indifference curves.
