Course

Course Summary
Credit Type:
Course
ACE ID:
UPIS-0018
Organization's ID:
Economics 251
Organization:
Location:
Online
Length:
66 Hours
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Microeconomics
Description

Objective:

The course objective is to provide students with a comprehensive understanding of microeconomics, emphasizing its fundamental principles and applications. Beginning with an exploration of economics as a discipline and an in-depth analysis of microeconomics, students will delve into the intricacies of consumer behavior, supply and demand dynamics, and the decision-making processes of producers. The course will also cover essential topics such as market structures, economic resource markets, business structures, and the impact of government policies on microeconomic factors. By the end of the course, students should have acquired a solid foundation in microeconomic theories, analytical skills to assess market scenarios, and a nuanced understanding of the intricate interplay between economic agents and structures in a dynamic market environment. The goal is to equip students with the knowledge and skills necessary to critically analyze economic phenomena, make informed business decisions, and contribute meaningfully to discussions on microeconomic issues.

Learning Outcomes:

  • Develop an in-depth understanding of core microeconomic principles, focusing on their real-world applications and implications for business strategy.
  • Grasp and critically evaluate key concepts like scarcity, supply and demand, and consumer behavior, linking these to producer decision-making and market dynamics.
  • Analyze the role of technology and government intervention in shaping economic landscapes, assessing their impacts on business operations and market structures.
  • Build proficiency in analyzing complex economic scenarios, applying microeconomic theories to facilitate strategic and informed business decisions.
  • Explore the nuances of various market structures, understanding their characteristics and influence on resource allocation and competitive strategies.
  • Gain a comprehensive perspective on the regulatory environment, including taxation, trade policies, and antitrust laws, and their effects on business and economic activities.

General Topics:

  • Introduction to Microeconomic
  • Supply and Demand in Microeconomics
  • Consumer Behavior & Microeconomics
  • Producers in Microeconomics
  • Business Structures & Barriers to Entry
  • Accounting & Economic Costs
  • Market Structures in Economics
  • Scarce Economic Resource Markets
  • Business Technology, Research & Development
  • Government Issues in Microeconomics
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Computer Based Training
  • Lectures

Methods of Assessment:

  • Examinations
  • Quizzes
  • Written Papers

Minimum Passing Score:

70%
Supplemental Materials

Other offerings from UPI Study

(UPIS-0008)
(UPIS-0010)
(UPIS-0019)
(UPIS-0017)
(UPIS-0020)