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Principles of Microeconomics

The purpose of this course is to provide the student with a basic understanding of the principles of microeconomics -- the branch of economics that pertains to decisions made at the individual level, i.e. by individual consumers or individual firms, after evaluating resources, costs, and tradeoffs. The economy is the marketplace or system in which these choices interact with one another. In this course, the student will learn how and why these decisions are made and how they affect one another in the economy. This free course may be completed online at any time. See course site for detailed overview and learning outcomes. (Economics 101, Business 200)

Keywords:: Demand, Economics, Capital, Imperfect, Supply, Elasticity, Maximizing, Equilibrium, Market, Resource, Non-competitive, Competitive, Labor, Consumer, Producer, Microeconomics

Disciplines:

Business / Economics / Micro

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More about this material

Material Type:: Online Course
Date Added to MERLOT:: January 27, 2012
Date Modified in MERLOT:: June 12, 2018
Author:: Sean Connor, The Saylor Foundation
Submitter:: Sean Connor
Primary Audience:: College General Ed, College Lower Division
Technical Format:: Website

Mobile Compatibility:: Not specified at this time
Language:: English
Cost Involved:: No
Source Code Available:: No
Accessibility Information Available:: Unknown
Creative Commons:: This work is licensed under a Attribution 3.0 United States