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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.
After completing this course, you should be able to:
- Identify how supply, demand, and equilibrium models help us better understand both labor and finance markets.
- Differentiate between elasticity, consumption choices, cost structures, and perfect competition.
- List the roles that monopolies, anti-trust laws, and environmental protection play in microeconomics.
- Recognize economic inequality, labor issues, risk, and insurance as they relate to the distribution of wealth.
- Define the public economy, financial markets, trade, trade barriers, and protectionism.
|Course Length||135 hours/4 Months (120 Days)|
|Course Code||ECO 202|
|Number of Credits||3|
There is no extra cost for textbooks or materials. All materials are included with this course.
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