PRINCIPLES OF MICROECONOMICS

Topic outline

• PRINCIPLES OF MICROECONOMICS COURSE
  

  PRINCIPLES OF MICROECONOMICS COURSE

  
  

  This comprehensive course contains 20 sections with 92 self-grading lessons, including final assessments. The first section is available to try for free.

  This Trial Site is for evaluation purposes and for trying out in your LMS only. User names will be visible to everyone using it, so don't use this trial site with real students or for actual assignments! To view each lesson, POP-UPs MUST BE ENABLED in your browser.
  
  This course is concurrent to Principles of Economics.
  

  • About the Course Page
  • About the Authors Page
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  • Help Page
• Welcome to Economics!
  

  Welcome to Economics!

  
  

  • 1.1 What Economics Is and Why It's Important SCORM package

    • Discuss the importance of studying economics
    • Explain the relationship between production and division of labor
    • Evaluate the significance of scarcity
    • Knowledge Check
      

    
    

  • 1.2 Microeconomics and Macroeconomics SCORM package

    • Describe microeconomics
    • Describe macroeconomics
    • Contrast monetary policy and fiscal policy
    • Knowledge Check
      

  • 1.3 How Economists Use Theories and Models to Understand Economic Issues SCORM package

    • Interpret a circular flow diagram
    • Explain the importance of economic theories and models
    • Describe goods and services markets and labor markets
    • Knowledge Check
      

    
    

  • 1.4 How To Organize Economies: An Overview of Economic Systems SCORM package

    • Contrast traditional economies, command economies, and market economies
    • Explain gross domestic product (GDP)
    • Assess the importance and effects of globalization
    • Knowledge Check
      

    
    

  • Add this Trial Course to Your LMS Page

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• Welcome to Economics! - Final Assessment
  

  Welcome to Economics! - Final Assessment

  
  

  This is the final assessment for Welcome to Economics! (Available when you subscribe.)
  
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  This topic
  

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  The full course includes all 92 lessons, including 20 Final Assessments with Instructor Answer Keys. 

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• Choice in a World of Scarcity
  

  Choice in a World of Scarcity

  
  

  2.1 How Individuals Make Choices Based on Their Budget Constraint
  2.2 The Production Possibilities Frontier and Social Choices
  2.3 Confronting Objections to the Economic Approach
  Final Assessment

  
  
• Demand and Supply
  

  Demand and Supply

  
  

  3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services
  3.2 Shifts in Demand and Supply for Goods and Services
  3.3 Changes in Equilibrium Price and Quantity: The Four-Step Process
  3.4 Price Ceilings and Price Floors
  3.5 Demand, Supply, and Efficiency
  Final Assessment
• Labor and Financial Markets
  

  Labor and Financial Markets

  
  

  4.1 Demand and Supply at Work in Labor Markets
  4.2 Demand and Supply in Financial Markets
  4.3 The Market System as an Efficient Mechanism for Information
  Final Assessment

  
  
• Elasticity
  

  Elasticity

  
  

  5.1 Price Elasticity of Demand and Price Elasticity of Supply
  5.2 Polar Cases of Elasticity and Constant Elasticity
  5.3 Elasticity and Pricing
  5.4 Elasticity in Areas Other Than Price
  Final Assessment
• Consumer Choices
  

  Consumer Choices

  
  

  6.1 Consumption Choices
  6.2 How Changes in Income and Prices Affect Consumption Choices
  6.3 Behavioral Economics: An Alternative Framework for Consumer Choice
  Final Assessment
• Production, Costs, and Industry Structure
  

  Production, Costs, and Industry Structure

  
  

  7.1 Explicit and Implicit Costs, and Accounting and Economic Profit
  7.2 Production in the Short Run
  7.3 Costs in the Short Run
  7.4 Production in the Long Run
  7.5 Costs in the Long Run
  Final Assessment
• Perfect Competition
  

  Perfect Competition

  
  

  8.1 Perfect Competition and Why It Matters
  8.2 How Perfectly Competitive Firms Make Output Decisions
  8.3 Entry and Exit Decisions in the Long Run
  8.4 Efficiency in Perfectly Competitive Markets
  Final Assessment
• Monopoly
  

  Monopoly

  
  

  9.1 How Monopolies Form: Barriers to Entry
  9.2 How a Profit-Maximizing Monopoly Chooses Output and Price
  Final Assessment
• Monopolistic Competition and Oligopoly
  

  Monopolistic Competition and Oligopoly

  
  

  10.1 Monopolistic Competition
  10.2 Oligopoly
  Final Assessment
• Monopoly and Antitrust Policy
  

  Monopoly and Antitrust Policy

  
  

  11.1 Corporate Mergers
  11.2 Regulating Anticompetitive Behavior
  11.3 Regulating Natural Monopolies
  11.4 The Great Deregulation Experiment
  Final Assessment
• Environmental Protection and Negative Externalities
  

  Environmental Protection and Negative Externalities

  
  

  12.1 The Economics of Pollution
  12.2 Command-and-Control Regulation
  12.3 Market-Oriented Environmental Tools
  12.4 The Benefits and Costs of U.S. Environmental Laws
  12.5 International Environmental Issues
  12.6 The Tradeoff between Economic Output and Environmental Protection
  Final Assessment
• Positive Externalities and Public Goods
  

  Positive Externalities and Public Goods

  
  

  13.1 Why the Private Sector Underinvests in Innovation
  13.2 How Governments Can Encourage Innovation
  13.3 Public Goods
  Final Assessment
• Labor Markets and Income
  

  Labor Markets and Income

  
  

  14.1 The Theory of Labor Markets
  14.2 Wages and Employment in an Imperfectly Competitive Labor Market
  14.3 Market Power on the Supply Side of Labor Markets: Unions
  14.4 Bilateral Monopoly
  14.5 Employment Discrimination
  14.6 Immigration
  Final Assessment
• Poverty and Economic Inequality
  

  Poverty and Economic Inequality

  
  

  15.1 Drawing the Poverty Line
  15.2 The Poverty Trap
  15.3 The Safety Net
  15.4 Income Inequality: Measurement and Causes
  15.5 Government Policies to Reduce Income Inequality
  Final Assessment
• Information, Risk, and Insurance
  

  Information, Risk, and Insurance

  
  

  16.1 The Problem of Imperfect Information and Asymmetric Information
  16.2 Insurance and Imperfect Information
  Final Assessment
• Financial Markets
  

  Financial Markets

  
  

  17.1 How Businesses Raise Financial Capital
  17.2 How Households Supply Financial Capital
  17.3 How to Accumulate Personal Wealth
  Final Assessment
• Public Economy
  

  Public Economy

  
  

  18.1 Voter Participation and Costs of Elections
  18.2 Special Interest Politics
  18.3 Flaws in the Democratic System of Government
  Final Assessment
• International Trade
  

  International Trade

  
  

  19.1 Absolute and Comparative Advantage
  19.2 What Happens When a Country Has an Absolute Advantage in All Goods
  19.3 Intra-industry Trade between Similar Economies
  19.4 The Benefits of Reducing Barriers to International Trade
  Final Assessment
• Globalization and Protectionism
  

  Globalization and Protectionism

  
  

  20.1 Protectionism: An Indirect Subsidy from Consumers to Producers
  20.2 International Trade and Its Effects on Jobs, Wages, and Working Conditions
  20.3 Arguments in Support of Restricting Imports
  20.4 How Governments Enact Trade Policy: Globally, Regionally, and Nationally
  20.5 The Tradeoffs of Trade Policy
  Final Assessment
• Appendix A: The Use of Mathematics in Principles of Economics
  

  Appendix A: The Use of Mathematics in Principles of Economics

  
  

  • Appendix A: The Use of Mathematics in Principles of Economics SCORM package

    This appendix should be consulted after first reading Welcome to Economics!
    

    It covers:

    • What a function is
    • How to interpret the equation of a line (i.e., slope and intercept)
    • How to manipulate a line (i.e., changing the slope or the intercept)
    • How to compute and interpret a growth rate (i.e., percentage change)
    • How to read and manipulate a graph

    
    

• Subscribe for as low as $199 per year
  

  Subscribe for as low as $199 per year

  When you subscribe, you'll unlock all of the extra features and get your exclusive, private course to try FREE for 30 days.

  And, you'll get your exclusive access codes to add to your LMS, so you can start using the course immediately in your class!

  Once the trial period is over, you'll be charged just $199 per year. If you decide that you don't want the course, you can simply cancel anytime within the free trial period and you won't be charged.

  
  

  

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