ACE 100: Agr Cons and Resource Econ
This course covers principles of microeconomics; demand, production, supply, elasticity, markets, and trade are presented and used in the analysis of decisions of individuals relating to agricultural production, food and textile consumption, and natural resource use. Macroeconomic concepts are also introduced.
Prerequisites (Must be complete BEFORE taking this course):
None!
Equivalent Courses:
This course is equivalent to ECON 102.
Instructors Teaching the Course:
This course is taught by the instructor below. You may click on their name to learn more about them. Teaching schedules vary by semester. Please check the Course Explorer for the most up-to-date information about the sections they will teach.
Dr. Lisa Gundersen
Past Course Syllabi:
The following syllabi are from past semesters and should be used solely as a guide for the information covered in the course and to observe the general structure of the course. Instructors have the right to change the course for future terms. Please refer to the course syllabus distributed on the first day of class.
ACE 100 Syllabus Spring 2017
View the Course Explorer:
See when the course is offered as well as section details here: https://courses.illinois.edu/schedule/terms/ACE/100
Fall 2018 Restrictions
There are no restrictions for this course. This course satisfies the General Education criteria for Social and Behavioral Sciences for all students outside of the Department of ACE.
Additional Course Information
Read more about what Dr. Gundersen has to say about ACE 100!
Is this class discussion-based or lecture-based? How would you describe your teaching style?
The course incorporates a mix of lectures, in-class activities and experiments, online resources, discussions, and guest lecturers. Although the class size is large, questions and participation during lectures are actively encouraged (but neither participation nor attendance is required). Office hours are welcoming and provide an excellent opportunity to get to know the professor and discuss future plans.
How are students evaluated (e.g. multiple choice or essay tests, papers, etc.)?
Students are evaluated with weekly, online assignments and written exams (for which practice exams are provided and reviewed).
In what ways does this course prepare students to move through the program and/or into the work force?
This course will give students an introduction to the field of microeconomics by examining such topics as:
- How individuals and households make decisions about what to buy with limited income
- What motivates a person to work many hours or few in the labor market
- How businesses decide what to produce, how many workers to hire, what wage to pay, and what price to charge in order to maximize profits
- What happens in markets with little to no competition (e.g., oligopoly and monopoly)
- What role the government has when free markets fail (e.g., pollution and environmental protection)
- How economists analyze the future of energy
- Which factors are necessary for an economy to grow and develop
- How commodity markets work
What is your background in Agricultural and Consumer Economics?
Dr. Gundersen has been teaching economics at the university level for over 23 years. She received her Ph.D. in Economics from the University of California, Riverside, with concentrations in Labor Economics and Environmental & Natural Resource Economics.
What is your attendance policy?
Questions and participation during lectures are actively encouraged, but neither participation nor attendance is required.