Course Description

Disclaimer: Course content and offerings are subject to change without notice. Any promises and/or guarantees made by betterU Partners and their instructors are not binding on the betterU Marketplace.


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.

ECO 202: Principles of Microeconomics

ObjectivesCourse DetailsMaterialsTransferabilityMore Information

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 Language English
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.

Ed4Credit’s courses have all either been recommended for credit through the American Council on Education’s Alternative Credit Project™ or their College Credit Recommendation Service (CREDIT®). This highly regarded recommendation means that your Ed4Credit classes will be considered for credit at almost 2,000 colleges and universities across the United States. It’s important that you check with the college you are planning to transfer this course to in order to verify the transferability to your college. Also, every college individually determines if a course will count as a lower-level course or an upper-level course. Please contact your college and make sure you understand their policies regarding ACE credit transfers.

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.

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Ed4Online has partnered with ProctorU!

ProctorU is a live online proctoring service that allows exam takers to complete their certification exams at home.
This partnership allows us to maintain the professionalism and integrity that we desire within the exam taking process.
You can take your proctored exam online from anywhere using a webcam and a high speed internet connection.

Here are some things to keep in mind as you prepare to take your exam…

  • You will need to create a FREE PROCTORU ACCOUNT and schedule an exam
  • Exams need to be scheduled 3 days in advance!
  • You will need a webcam, speakers and a microphone for the exam.

Course Outline

Module 1 - A World of Scarce Resources
Module 2 - Supply, Demand, Labor, and Markets
Module 3 - Elasticity and Consumer Choices
Module 4 - Cost, Industry Structure, and Perfect Competition
Module 5 - Monopolies
Module 6 - Antitrust, Environmental Protection, and Negative Externalities
Module 7 - Positive Externalities and Economic Inequality
Module 8 - Labor Issues and Risk
Module 9 - Financial Markets and the Public Economy
Module 10 - International Trade, Globalization, and Protectionism
Module 11 - Steps to Course Completion



Internet Connection

  • Broadband or High-Speed - DSL, Cable, and Wireless Connections

*Dial-Up internet connections will result in a diminished online experience. Classroom pages may load slowly and viewing large audio and video files may not be possible.


Hardware Requirements

  • Processor - 2GHz Processor or Higher
  • Memory - 1 GB RAM Minimum Recommended


PC Software Requirements

  • Operating Systems - Windows 7 or higher
  • Microsoft Office 2007 or higher. Also, you could use a general Word Processing application to save and open Microsoft Office formats (.doc, .docx, .xls, .xlsx, .ppt, .pptx)
  • Internet Browsers - Google Chrome is highly recommended
    • Cookies MUST be enabled
    • Pop-ups MUST be allowed (Pop-up Blocker disabled)
  • Kindle Reader App is needed for many of our courses (No special equipment needed. This can be downloaded for FREE onto your computer.)
  • PowerPoint Viewer (if you do not have PowerPoint)
  • Adobe PDF Reader
  • QuickTime, Windows Media Player &/or Real Player


MAC Software Requirements

  • Operating Systems - Mac OS x 10 or higher with Windows
  • Mac office programs or a Word Processing application to save and open Microsoft Office formats (.doc, .docx, .xls, .xlsx, .ppt, .pptx)
  • Internet Browsers- Google Chrome is highly recommended
    • Cookies MUST be enabled
    • Pop-ups MUST be allowed (Pop-up Blocker disabled)
  • PowerPoint Viewer (if you do not have PowerPoint)
  • Adobe PDF Reader
  • Apple QuickTime Media Player