Age group: 15-34
120 live tutoring sessions
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Certificate of completion
Exercises & Practical Projects
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Recorded Sessions
Module 1: Introduction to Microeconomics 1. Understand basic economic concepts and models. 2. Learn to apply these models to realworld situations. Module 2: Using Graphs and Formulas 1. Gain proficiency in using and interpreting economic graphs and formulas. 2. Learn to create and analyze supply and demand graphs. Module 3: Tradeoffs and Comparative Advantage 1. Understand tradeoffs, opportunity costs, and comparative advantage. 2. Explore their implications in trade scenarios. Module 4: The Market System 1. Learn about the principles of the market system. 2. Analyze the benefits and drawbacks of different market structures. Module 5: Demand and Supply Basics 1. Learn the basic principles of demand and supply. 2. Understand factors influencing demand and supply in various markets. Module 6: Market Equilibrium 1. Understand how market equilibrium is achieved. 2. Analyze the effects of shifts in supply and demand on equilibrium. Module 7: Economic Efficiency and Government Price Setting 1. Learn about economic efficiency. 2. Analyze the impact of government price controls and taxes on markets. Module 8: Externalities and Public Goods 1. Understand the impact of externalities on economic efficiency. 2. Explore the role of government in providing public goods. Module 9: Elasticity of Demand and Supply 1. Learn about elasticity and its significance. 2. Calculate and interpret price elasticity of demand and supply. Module 10: The Economics of Health Care 1. Apply economic principles to the healthcare sector. 2. Analyze the impact of healthcare policies on efficiency and equity. Module 11: Firms and the Stock Market 1. Learn about the role of firms and the stock market. 2. Understand principles of corporate governance and financial markets. Module 12: Consumer Choice and Behavioral Economics 1. Explore consumer choice principles and behavioral economics. 2. Analyze how psychological factors influence market outcomes.
Familiarity with basic arithmetic, algebra, and graph interpretation.
A general interest in understanding how individuals and businesses make decisions in a market.
Understand Microeconomic Principles: Grasp fundamental concepts of microeconomics, including supply and demand, market equilibrium, and elasticity.
Analyze Market Structures: Examine different market structures, such as perfect competition, monopoly, and oligopoly, and their impact on pricing and output.
Evaluate Consumer Behavior: Analyze consumer choices and preferences, and understand how they influence market demand.
Understand Production and Costs: Study the production process, cost structures, and how firms make production decisions to maximize profit.
Assess Government Intervention: Evaluate the role of government policies in correcting market failures and their effects on efficiency and equity.
Grasp Microeconomic Concepts: Demonstrate a clear understanding of supply and demand, market equilibrium, and elasticity.
Analyze Market Structures: Evaluate the effects of different market structures on pricing and output decisions.
Assess Consumer Behavior: Explain how consumer preferences and budget constraints affect market demand.
Understand Production Costs: Analyze cost structures and production decisions for firms in various market conditions.
Evaluate Government Policies: Assess the impact of government interventions on market outcomes and overall economic welfare.
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Are there any real-world applications in the course?
Yes, the course includes case studies and examples from real-world scenarios to illustrate how microeconomic principles apply to everyday decision-making and business strategies.
Will this course help in preparation for standardized tests or certifications?
Yes, the concepts covered are essential for exams like AP Economics, GRE, GMAT, and other business-related certifications.
How does Microeconomics differ from Macroeconomics?
Microeconomics focuses on the behavior of individuals and firms in making decisions regarding the allocation of limited resources, while Macroeconomics deals with the economy as a whole, including topics like inflation, unemployment, and national income.
Is prior knowledge of economics required?
No prior economics background is necessary. The course starts with fundamental concepts and gradually builds up to more advanced topics.
What will I learn in the Microeconomics course?
You will learn key concepts such as supply and demand, market equilibrium, consumer behavior, production costs, and market structures. The course also covers topics like elasticity, game theory, and externalities.
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