Course Title: Economics II: Microeconomics
Description:
Microeconomics is the analysis of the manner in which markets resolve the problem posed by the reality of scarce resources. A model of efficiency is constructed and is analyzed through the topics of demand, supply, production, distribution, consumer choice, the behavior of the firm, and market structure. A consideration of market failures and the role of government in a market-driven society completes the analysis. Other topics include international trade and finance.
This is equivalent to a three credit Microeconomics course at most colleges.
StraighterLine courses are accepted at any college that awards credit for courses approved by the American Council of Education and at StraighterLine's regionally accredited partner colleges. Courses come with up to 10 hours of one-on-one, on-demand, online tutoring.
Goals:
After completing this course, students will be able to:
- Identify and apply relevant terminology and concepts to economic issues and problems.
- Compare and contrast the market system of economics with other systems.
- Analyze and synthesize the public and private sectors of the U.S. economy.
- Use demand and supply models in the analysis of real-world issues.
- Use the theory of consumer choice to explain and to predict consumer behavior.
- Use market structure models to explain and to predict business firm behavior.
- Explain the basis for and the benefits of trade.
Grading System:
StraighterLine does not apply letter grades. Students earn a score as a percentage of 100%. A passing percentage is 70% or higher.
If you have chosen a Partner College to award credit for this course, your final grade will be based upon that college's grading scale. Only passing scores will be considered by Partner Colleges for an award of credit.
There are a total of 1200 points in this course:
| Topic | Assessment | Points Available |
|---|---|---|
| 1 | Graded Exam: Limits, Alternatives, and Choices | 50 |
| 2 | Graded Exam: The Market System and the Circular Flow | 50 |
| 3 | Graded Exam: Demand, Supply, and Market Equilibrium | 50 |
| 4 | Graded Exam: The U.S. Economy: Private and Public Sectors | 50 |
| 5 | Graded Exam: The United States in the Global Economy | 50 |
| 6 | Graded Exam: Extensions of Demand and Supply Analysis | 50 |
| 7 | Graded Exam: Consumer Behavior and Utility Maximization | 50 |
| 8 | Graded Exam: The Costs of Production | 50 |
| 9 | Graded Exam: Pure Competition | 50 |
| 10 | Graded Exam: Pure Monopoly | 50 |
| 11 | Graded Exam: Monopolistic Competition and Oligopoly | 50 |
| 12 | Graded Exam: Technology, R&D, and Efficiency | 50 |
| 13 | Graded Exam: The Demand for Resources | 50 |
| 14 | Graded Exam: Wage Determination | 50 |
| 15 | Graded Exam: Rent, Interest, and Profit | 50 |
| 16 | Graded Exam: Government and Market Failures | 50 |
| 17 | Graded Exam: Public Choice Theory and the Economics of Taxation | 50 |
| 18 | Graded Exam: Antitrust Policy and Regulation | 50 |
| 19 | Graded Exam: Agriculture: Economics and Policies | 50 |
| 20 | Graded Exam: Income Inequality and Poverty | 50 |
| 21 | Graded Exam: The Economics of Health Care | 50 |
| 22 | Graded Exam: Labor Market Institutions and Issues: Unionism, Discrimination, and Immigration | 50 |
| 23 | Graded Exam: International Trade | 50 |
| 24 | Graded Exam: Exchange Rates, the Balance of Payments, and Trade Deficits | 50 |
School Description:
Featured in Business Week, Forbes and the New York Times, StraighterLine offers for credit, online college courses in math, writing, accounting, and economics -- required for all degrees -- for $99 per month + $39 per course.
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These courses are:
- Accepted at thousands of colleges.
- Self-paced and can be started at any time.
- Supported by live, online tutoring up to 24/7.
- 100% online.
StraighterLine courses are real courses that receive real credit from accredited universities. StraighterLine courses are recommended for college credit by the American Council on Education (ACE). Most colleges will accept ACE recommended courses for credit. Check with the college in which you would like to eventually enroll.
