An introduction to basic concepts governing the operation of the microeconomy, with specific emphasis placed on understanding microeconomic theory, policy, and issues as they related to business decision-making. Students successfully completing this course will be able to comprehend the workings of the supply and demand model from both a graphical and mathematical perspective, explain the role that elasticity plays in the supply and demand model and know how to calculate and interpret various elasticities, understand utility maximization and the theory of consumer behavior, explain how cost structures differ in the short run and the long run, analyze various market structures in terms of their economic performance, and understand the workings of the various factor markets.
For successful completion of this course, it is recommended that students are familiar with Macroeconomics or its equivalent.
How This Course Work
Courses are completely online: lectures, discussion boards, and even group projects.
You’ll be able to view course materials a full week before the class starts.
Once courses begin, assignments are due each week.
Need help or have questions? In addition to instructor access, every student receives support from an advisor.