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