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2.2: Pacing

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    48274
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    The Introduction to Microeconomics textbook contains fifteen modules—roughly one module per week for a fifteen-week semester. Many choose not to teach every module, so sometimes fewer modules are covered during a semester. Although all the modules are similar in size and depth (aside from the first, introductory module which is more brief), some of the modules work well together and could easily be combined. Some modules may also be drawn out to cover more than one week. Some modules that work well together include:

    • Module 1: Economic Thinking and Module 2: Choice in a World of Scarcity
    • Module 12: Labor Markets and Module 13: Income Distribution
    • Module 14: Globalization and Trade and Module 15: Exchange Rates and International Finance

    These modules are sometimes excluded, depending on faculty preferences or if the concepts are taught in macroeconomics instead:

    • Module 14: Globalization and Trade
    • Module 15: Exchange Rates and International Finance

    Course Modules:[1]

    • Module 1: Economic Thinking*
    • Module 2: Choice in a World of Scarcity*
    • Module 3: Supply and Demand*
    • Module 4: Applications of Supply and Demand*
    • Module 5: Elasticity*
    • Module 6: Utility
    • Module 7: Production and Costs
    • Module 8: Perfect Competition
    • Module 9: Monopoly
    • Module 10: Monopolistic Competition and Oligopoly
    • Module 11: Public Goods and Externalities
    • Module 12: Labor Markets
    • Module 13: Income Distribution
    • Module 14: Globalization and Trade*
    • Module 15: Exchange Rates and International Finance*

    1. *Starred modules are included in both the Lumen Microeconomics and Macroeconomics courses
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