What will you learn in Microeconomics Principles Course
Understand core microeconomic concepts including supply and demand, market equilibrium, and elasticity.
Analyze consumer and producer behavior in competitive and non-competitive markets.
Evaluate economic outcomes using efficiency and equity metrics.
Apply microeconomic thinking to real-world issues like taxation, price controls, and welfare analysis.
Program Overview
Module 1: Introduction and Supply & Demand
⏱️ 1 week
Topics: Scarcity, opportunity cost, market systems, demand and supply curves.
Hands-on: Demand-supply simulations and market shifts analysis.
Module 2: Elasticity
⏱️ 1 week
Topics: Price elasticity of demand/supply, income elasticity, cross-price elasticity.
Hands-on: Calculations and interpretation of elasticity for different products.
Module 3: Market Efficiency and Government Intervention
⏱️ 1 week
Topics: Consumer and producer surplus, deadweight loss, taxation, price floors/ceilings.
Hands-on: Analyze tax impacts with interactive graphs.
Module 4: Production, Costs, and Profit Maximization
⏱️ 1 week
Topics: Short-run and long-run costs, marginal analysis, profit maximization.
Hands-on: Case studies on business production decisions.
Module 5: Market Structures
⏱️ 1 week
Topics: Perfect competition, monopoly, oligopoly, monopolistic competition.
Hands-on: Game theory basics and market comparison tables.
Module 6: Externalities and Public Goods
⏱️ 1 week
Topics: Positive and negative externalities, public goods, government solutions.
Hands-on: Environmental economics examples and policy evaluation.
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Job Outlook
Strong microeconomic understanding is essential for roles in consulting, government, business strategy, and finance.
A good foundation for advanced economics or business degrees.
Microeconomics is highly relevant in data-driven decision-making and market analysis careers.
Specification: Microeconomics Principles
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