Microeconomics

Course Content from Acrobatiq
Course Number: ECON102
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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.

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3
college credits
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Self Paced
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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
  • Introduction
  • Learning Strategies
2 What Is Economics?
  • What Is Economics? Introduction
  • Module 1: The Economic Way of Thinking
  • Module 2: The Organization of Economic Activity
  • What Is Economics? Summary
3 Supply and Demand
  • Supply and Demand Introduction
  • Module 3: Supply and Demand
  • Module 4: Elasticity
  • Supply and Demand Summary
4 Consumer Behavior
  • Consumer Behavior Introduction
  • Module 5: Demand and Consumer Choice
  • Module 6: Market Failure and Government Intervention Practices
  • Consumer Behavior Summary
5 Production and Cost
  • Production and Cost Introduction
  • Module 7: Firms and Production
  • Module 8: Costs and Profits
  • Production and Cost Summary
6 Market Structures
  • Market Structures Introduction
  • Module 9: Perfect Competition
  • Module 10: Monopoly
  • Module 11: Monopolistic Competition and Oligopoly
  • Market Structures Summary
Final Exam
  • Study Guide Final Examination

There are no prerequisites to take Microeconomics.

This course does not require a text.

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
  • Topic Test: What Is Economics?
  • Topic Test: Supply and Demand
  • Topic Test: Consumer Behavior
  • Topic Test: Production and Cost
  • Topic Test: Market Structures
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.

Learn more about Proctored Exams

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.

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