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Economics: Principles of Microeconomics

EC 012 OL2 (CRN: 61260)

3 Credit Hours

About EC 012 OL2

Study of individual economic units with particular emphasis on market interactions among firms and households.


Related Programs

Actuarial Exam Preparation Online Program, High School & Pre-College Programs and Pre-Master of Accountancy


Dates: July 2 - August 10, 2018; Instructor: Becka Brolinson

More Information

Section Description

This is an introductory undergraduate course that teaches the fundamentals of microeconomics. We will begin with microeconomic concepts and analysis and simple graphical and mathematical models of supply and demand. Then we will work on individual decision making and the theory of firm behavior. Finally, we will demonstrate the efficiency of perfectly competitive markets, describe the conditions under which that efficiency arises, and examine market failures that occur when those conditions are not met.

Section Expectation

Students must be able to complete basic analysis using graphs and algebra before the start of the course. By the end of the course, students will be able to: • analyze supply and demand diagrams to solve for equilibrium • understand the consumer problem and how changes in prices affect consumer and firm decision making • analyze the behavior of firms under perfect competition and imperfect competition • calculate consumer and producer surplus • understand how externalities affect market outcomes




Online Course (View Campus Map)

Important Dates

Last Day to Add
Last Day to Drop
Last Day to Withdraw with 50% Refund
Last Day to Withdraw with 25% Refund
Last Day to Withdraw


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