Microeconomics

What you’ll learn

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$79

Plus membership

3 Credits

All courses include:

eTextbooks

2 to 3-day turnaround for grading

Multiple chances to improve your grade

On-demand tutoring & writing center

Student support 7 days a week

$79

Plus membership

3 Credits

All courses include:

eTextbooks

2 to 3-day turnaround for grading

Multiple chances to improve your grade

On-demand tutoring & writing center

Student support 7 days a week

Microeconomics

$79

Plus membership

3 Credits

About This Course

ACE Approved 2021

Our Microeconomics online course analyzes the manner in which markets resolve a problem posed by the reality of scarce resources.

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What You'll Learn

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.

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Earn College Credit That Will Transfer

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Course Details

ECON102

Microeconomics

In this Microeconomics course, you will be presented with how a model of efficiency is constructed and analyzed through the topics of demand, supply, production, distribution, consumer choice, the behavior of the firm, and market structure. During this Microeconomics course, you will also spend time discussing market failures and the role of government in a market-driven society.

There are no prerequisites to take Microeconomics.

Topic	Subtopics
Thinking Like an Economist	Cost-Benefit Principle The Scarcity Principle Macroeconomics and Microeconomics The Economizing Problem
Comparative Advantage	International Trade Specialization and Comparative Advantage Government and Trade Trade Barriers Trade Agreements Production Possibilities
Supply and Demand	Economic Systems Characteristics of the Market System Markets Demand Supply Market Equilibrium
Elasticity	Price Elasticity of Demand Price Elasticity of Supply Cross Elasticity of Demand Income Elasticity of Demand
Demand	Consumer Choice and Budget Constraint Rational Spending and the Demand Curve Consumer Surplus Optimal Combination of Resources
Perfectly Competitive Supply	Characteristics of Perfect Competition Short-Run Profit Maximization Long-Run Profit Maximization Producer Surplus
Efficiency, Exchange, and the Invisible Hand	Economic Profit Economic Rent
Monopoly, Oligopoly, and Monopolistic Competition	Characteristics of Pure Monopoly Monopoly Demand Monopoly Output and Price Determination Efficiency Implications of Pure Monopoly Price Discrimination Public Policy Characteristics of Monopolistic Competition Price and Output Determination in Monopolistic Competition Monopolistic Competition and Efficiency Characteristics of Oligopoly Models of Oligopoly Oligopoly and Efficiency The Antitrust Laws and Policy Effectiveness of Antitrust Laws Natural Monopoly
Games and Strategic Behavior	Game Theory The Prisoner’s Dilemma
An Introduction to Behavioral Economics	Judgmental Heuristics or Rules of Thumb Misinterpretation of Contextual Clues Impulse-Control Problems Loss Aversion and Status Quo Bias Beyond Narrow Self-Interest Concerns about Relative Position
Externalities and Property Rights	Externalities Private Ownership Costs and Access High and Rising Health Care Costs Why Costs Are Rising So Rapidly Health Care Reform Pollution Workplace Safety
The Economics of Information	Economic Value The Cost-Benefit Test Asymmetric Information
Labor Markets, Poverty, and Income	Labor, Wages, and Earnings Perfect Competition in the Labor Market Imperfect Competition in the Labor Market The Minimum Wage Debate Wage Differentials Facts About Income Inequality Causes of Income Inequality Income Inequality Over Time Poverty Economic Efforts of Unions Labor Market Discrimination Economic Analysis of Discrimination Marginal Productivity Theory Deadweight Loss
Public Goods and Tax Policy	Public Goods Tax Incidence and Efficiency Loss
International Trade and Trade Policy	Comparative Advantage Closed & Open Economies Possibilities Curve Politics of International Trade

Your score provides a percentage score and letter grade for each course. A passing percentage is 70% or higher.

Assignments for this course include:

4 Graded Exams
1 Graded Midterm
1 Graded Final

The required eTextbook for this course is included with your course purchase at no additional cost.

Frank, Robert H., Ben S. Bernanke, Kate Antonovics, and Ori Heffetz. Principles of Microeconomics. 8th ed., McGraw Hill, 2022. ISBN: 9781264250387

Microeconomics students also take:

Macroeconomics

Business Statistics

Business Ethics

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Microeconomics

$79

All courses include:

$79

All courses include:

Microeconomics

$79

About This Course

ACE Approved 2021

What You'll Learn

Earn College Credit That Will Transfer

Course Details

It was time for my next big thing.

Things I love about StraighterLine

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