Microeconomics
Microeconomics introduces you to foundational economic concepts. You will learn how households maximize utility and firms maximize profit in order to allocate their scarce resources. Upon completion of this course, you will be able to explain opportunity costs, the importance of competition, and how demand and supply work to determine equilibrium price and quantity in perfectly competitive markets and under monopolistic competition, oligopoly, and monopoly.
Self Paced
No reviews have been submitted for Microeconomics
Course Objectives
After completing this course, students will be able to:
- Identify and apply relevant terminology and concepts to economic issues and problems.
- Compare and contrast the market system of economics with other systems.
- Analyze and synthesize the public and private sectors of the U.S. economy.
- Use demand and supply models in the analysis of real-world issues.
- Use the theory of consumer choice to explain and to predict consumer behavior.
- Use market structure models to explain and to predict business firm behavior.
- Explain the basis for and the benefits of trade.
| Topic | Topic Title | Module |
|---|---|---|
| 1 |
Learning Strategies |
|
| 2 | What Is Economics? |
|
| 3 | Supply and Demand |
|
| 4 | Consumer Behavior |
|
| 5 | Production and Cost |
|
| 6 | Market Structures |
|
| Final Exam |
|
There are no prerequisites to take Microeconomics.
StraighterLine provides a percentage score and letter grade for each course. A passing percentage is 70% or higher. If you have chosen a Partner College to award credit for this course, your final grade will be based upon that college's grading scale. Only passing scores will be considered by Partner Colleges for an award of credit.
There is a total of 100% in the course:
| Unit | Assessment | Points Available |
70% of your course grade |
| |
| Final Graded Exam | 30% of your course grade | |
| Total | 100% |
Final Proctored Exam
The final exam is developed to assess the knowledge you learned taking this course. All students are required to take an online proctored final exam in order complete the course and be eligible for transfer credit.
Microeconomics introduces you to foundational economic concepts. You will learn how households maximize utility and firms maximize profit in order to allocate their scarce resources. Upon completion of this course, you will be able to explain opportunity costs, the importance of competition, and how demand and supply work to determine equilibrium price and quantity in perfectly competitive markets and under monopolistic competition, oligopoly, and monopoly.