This course introduces students to the study of Microeconomics by focusing on how we make choices in a world of scarce resources. We start by learning about the first analytical model in economics: supply, demand, and equilibrium. Next, we move on to discuss elasticity, choice, and competition, three key concepts in economics. We will discuss the positive and negative impacts of monopolies, and the steps government takes to regulate them. After this, we will learn about inequality in economic distribution, several labor issues, and how risk manifests within an economy. We conclude by learning about financial markets, the public economy, the role of government, and international economics.
You will have access to your course for 4 months (120 days) from the time of purchase.
Ed4Credit courses go through an intensive quality review process by ACE CREDIT® prior to being available to students. ACE CREDIT has evaluated and recommended this Ed4Credit course for college credit. Once you have completed an Ed4Credit course, you are eligible to receive an ACE Transcript for credit transfer purposes.
Almost 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their schools’ course and degree programs.
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