Course

Credit Type:
Course
ACE ID:
SDCM-0252
Version:
1
Organization's ID:
Economics 201
Organization:
Location:
Online
Length:
Self-paced. 12 weeks (30 hours)
Minimum Passing Score:
70
ACE Credit Recommendation Period:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 3 Intermediate Microeconomics
Description

Objective:

By the end of this course, learners will be able to analyze consumer and producer behavior, market structures, and the role of government intervention using microeconomic models to evaluate real-world economic scenarios and policy implications.

Learning Outcomes:

  • Analyze consumer decision-making using utility maximization and budget constraints.
  • Recommend appropriate government interventions for market failures based on externalities and public goods.
  • Evaluate producer behavior and cost structures in different market conditions.
  • Apply microeconomic models to evaluate real-world policies such as taxation, subsidies, and price controls.
  • Compare and contrast market structures (perfect competition, monopoly, monopolistic competition, and oligopoly) and their impact on pricing and output.
  • Use game theory concepts to predict strategic behavior in economic decision-making.

General Topics:

  • Consumer Preferences and Utility Theory Budget Constraints and Demand Theory Production and Cost Functions Perfect Competition and Efficiency Monopoly and Market Power Monopolistic Competition and Product Differentiation Oligopoly and Strategic Interaction Public Goods and Externalities Government Regulation and Antitrust Policies Asymmetric Information and Market Failure Game Theory and Strategic Decision-Making
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Project-based Instruction

Methods of Assessment:

  • Quizzes
  • Written Papers
Supplemental Materials
Equivalencies