Student Learning Outcomes

• Students completing BUSC 1BH - Principles of Economics - Microeconomics - Honors will correctly know the consumers' behavior to maximize their utility by allocating scarce resources.
• Students completing BUSC 1BH - Principles of Economics - Microeconomics - Honors will correctly know the producers' behavior to maximize their profit by allocating scarce resources.
• Students completing BUSC 1BH - Principles of Economics - Microeconomics - Honors will know to allocate scarce resources on various commodities to maximize satisfaction
• Students completing BUSC 1BH - Principles of Economics - Microeconomics - Honors will use producer's behavior to determine price of the product they produce under various market situations to maximize profit
• Students should be able to distinguish between public goods and private goods. Students should be able to explain why private market fails to provide public goods.
• Students were given a research paper to discuss and analyze "Coase Theorem" with respect to market failure and government intervention in the presence of externalities. They were asked to use examples to make their point. 100% of the student were able to discuss "Coase Theorem" properly citing some other research studies. All students got over 85% score in this paper.