Principles of Microeconomics Online Course for Credit

Microeconomics

ECN 212 - Microeconomic Principles

Introductory course in microeconomics. Topics include marginal analysis; international trade; supply and demand analysis; market efficiency; basic welfare analysis of market interactions and government intervention; the theory of firm production and costs; profit maximization in different market structures; consumer choice.

Overview

This course will help you understand decisions that are made in the face of constraints, such as the everyday transactions you make in the marketplace. As a consumer, you must consider your overall income when making a purchase, but business managers must take into account the presence of competitors in the marketplace when deciding on the price to charge you for a product.

Requirements

This course contains proctored exams which requires a photo ID for verification.

To be successful in this course, we recommend English language fluency and computer literacy. We also encourage you to make sure your laptop or desktop computer meets the technical requirements.

Knowledge of basic Excel functionality and MAT 114 College Mathematics or MAT 117 College Algebra are strongly suggested as prerequisites for success in this course.

What you’ll learn

Explain how consumers decide what products to purchase and how much to purchase
Explain how producers decide how much to produce, how many inputs to use and what price to charge for their products
Describe how the interaction of consumers and producers in competitive markets generates the market price and the quantity consumed and produced
Explain the concept of efficiency and describe how markets often lead to efficient outcomes
Explain how market distortions occur and their impact on the welfare of producers and consumers

Transcript

This course appears on your transcript identically to how it appears on the transcript of an enrolled ASU student who has taken the course on one of ASU’s campuses. Course attendance dates will be listed on your transcript. An on-demand course will appear on your transcript in the session you complete the course.

This course satisfies 3 credit hours toward the SOBE: Social and Behavioral Sciences General Studies requirement at Arizona State University. It is strongly encouraged that you consult with your institution of choice to determine how these credits will be applied to their degree requirements prior to transferring your credit.

Faculty and course staff

Kelvin Wong

Clinical Associate Professor, Executive Director of Undergraduate Programs,

Department of Economics

Arizona State University

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Gorkem Akcan

Online Course Manager,

Learning Enterprise