Core Academic Studies Microeconomics 135 Hours Beginner English Overview Syllabus Objectives Requirement Certification Features This course introduces students to the study of Microeconomics by focusing on how we make choices in a world of scarce resources. We start by learning about the first analytical model in economics: supply, demand, and equilibrium. Next, we move on to discuss elasticity, choice, and competition, three key concepts in economics. We will discuss the positive and negative impacts of monopolies, and the steps government takes to regulate them. After this, we will learn about inequality in economic distribution, several labor issues, and how risk manifests within an economy. We conclude by learning about financial markets, the public economy, the role of government, and international economics. Microeconomics Module 1 A World of Scarce Resources • Economics Defined • Importance of Studying Economics • Microeconomics versus Macroeconomics • Using Theories and Models to Understand Economics • Overview of Economic Systems • Individual Choices and Budget Constraints • Production Possibilities Frontier • Social Choices • Objections to the Economic Approach Microeconomics Module 2 Supply, Demand, Labor, and Markets • Market Demand, Supply, and Equilibrium • Shifts in Demand and Supply for Goods and Services • Four-Step Process for Equilibrium Changes • Price Ceilings • Price Floors • Demand, Supply, and Efficiency • Labor Market Demand and Supply • Financial Market Demand and Supply • Market System as an Efficient Mechanism for Information Microeconomics Module 3 Elasticity and Consumer Choices • Price Elasticity of Demand • Price Elasticity of Supply • Polar Cases of Elasticity • Constant Elasticity • Elasticity and Pricing • Elasticity in Other Areas • Impact of Income and Price on Consumption • Labor-Leisure Choices • Behavioral Economics Microeconomics Module 4 Cost, Industry Structure, and Perfect Competition • Explicit and Implicit Costs • Accounting Profit versus Economic Profit • Short Term Structure of Costs • Long Term Structure of Costs • Perfect Competition • Output Decisions in Perfectly Competitive Firms • Long Term Entry and Exit Decisions • Efficiency in Perfectly Competitive Markets Microeconomics Module 5 Monopolies • Monopolies • How Monopolies Form • Barriers to Entry • Choosing Output in a Profit-Maximizing Monopoly • Choosing Price in a Profit-Maximizing Monopoly • Monopolistic Competition • Oligopoly Microeconomics Module 6 Antitrust, Environmental Protection, and Negative Externalities • Monopoly and Antitrust Policy • Corporate Mergers • Regulating Anticompetitive Behavior • Regulating Natural Monopolies • Great Deregulation Experiment • Economics of Pollution • Command-and-Control Regulation • Market-Oriented Environmental Tools • Benefits and Costs of Environmental Laws • International Environmental Issues • Economic Output versus Environmental Protection Microeconomics Module 7 Positive Externalities and Economic Inequality • Positive Externalities • Under Investment in Innovation • How Governments Encourage Innovation • Public Goods • Theory of Labor Markets • Wages and Unemployment Unions • Bilateral Monopoly • Employment Discrimination • Immigration Microeconomics Module 8 Poverty, Economic Inequality, and Risk • Poverty Trap • Safety Net • Income Inequality • Government Policies to Reduce Income Inequality • Information • Risk Insurance Microeconomics Module 9 Financial Markets and the Public Economy • Financial Markets • Raising Financial Capital • Household Financial Capital • Accumulating Personal Wealth • Public Economy • Voter Participation • Costs of Elections • Special Interest Politics • Flaws in Democratic Government Microeconomics Module 10 International Trade, Globalization, and Protectionism • Absolute Advantage • Comparative Advantage • Intra-industry Trade between Similar Economies • Benefits of Reducing International Trade Barriers • Protectionism • Effects of International Trade on Jobs, Wages, and Working Conditions • Arguments for Restricting Imports • How Trade Policy Is Enacted • Tradeoffs of Trade Policy 6 Reasons to Complete Your Training With Us Flexibility With our programs, you can learn and study at your own pace with access 24/7/365 for the duration of your program. This means you can learn on your own terms and work around your own schedule. Support Our online training comes with access to real, live support personnel that will help you through every step from our admissions adviser who will assist you with selecting the right training for you, to our student adviser who will be there with you during your entire training journey. Relevancy We have tailored our programs to provide comprehensive training in the technical and soft skills employers are looking for. With direct input and feedback from industry leaders and hiring managers, our program aligns with exactly what you need to successfully enter the workforce. Certification Our career training not only gives you the knowledge you need but preparation for the certification exams relevant to your desired career path. If you are pursuing an exciting new career in a field with a national certification, our program will both prepare you to sit for the exam but will often include a voucher for the exam cost. Simulations and Case Studies Our training programs have been developed with real learners and professionals in mind, so our programs incorporate real-world case studies and virtual simulations that will provide examples and interactions with real-life situations you may encounter during your career. These allow you to learn by experience with circumstances similar to what will be your daily responsibilities on the job. Engaging and Interactive Our training curriculum was developed with you in mind, looking at modern day learners and their needs. Our curriculum contains a mix of formats including reading, listening, watching, and interacting that will immerse you into a fun and engaging learning experience you will not only enjoy but not want to end. Program Description Description Audience Learning Objectives Support Description Completion Time This course introduces students to the study of Microeconomics by focusing on how we make choices in a world of scarce resources. We start by learning about the first analytical model in economics: supply, demand, and equilibrium. Next, we move on to discuss elasticity, choice, and competition, three key concepts in economics. We will discuss the positive and negative impacts of monopolies, and the steps government takes to regulate them. After this, we will learn about inequality in economic distribution, several labor issues, and how risk manifests within an economy. We conclude by learning about financial markets, the public economy, the role of government, and international economics. FAQ How do I request more information about a course? To request more information, you can contact us via online chat, our website contact form, or toll free at 1-855-201-6910. What is the difference between online courses and classroom courses? Online courses are accessible 24/7/365 and self-paced, allowing you to progress at your own pace on your own schedule. They can be taken from anywhere in the world from the comfort of your own home. Classroom courses have a set schedule of the days and times the courses will be held, and you must attend during those specific times. I’m not sure if I will be able to successfully take on online course, what should I do? Find out if online learning is right for you by contacting our team of registration advisers. Our team is available to answer any of your questions about taking an online course before you commit to enrolling. We will walk you through what to expect to ensure you are making the right decision. You can contact a registration adviser today via online chat, our website contact form, or toll free at 1-855-201-6910. Do I need a degree or high school diploma to take an online course? No, you are not required to have a diploma or higher education degree to enroll in an online course. However, some occupations may require minimum educational thresholds for employment or certification. For more information on your desired career requirements, please contact us via online chat, our website contact form, or toll free at 1-855-201-6910. What do I need to take an online course? To take an online course, you will need to have access to an internet connection and an internet ready device such as a laptop, PC, or tablet. For course specific requirements, please visit the course page or contact a registration adviser today. What format will my online course be in? Our courses are developed with multiple formats including text, audio, video, and interactivity. Our courses also include multiple resources and tools which can include flashcards, games, activities, and more. Do I have to be local to take a course? No, you can take the online courses from anywhere in the world. Do you offer or accept any financial assistance options? We participate in several financial assistance options including third party funding, both military and non-military. To request more information on the financial assistance options available and check your eligibility, contact us via online chat, our website contact form, or toll free at 1-855-201-6910. What does the course duration mean? Duration is the amount of time you will receive access to your course. Durations vary by course and range between 1 month and 12 months. If you complete your course before your duration ends you will continue to have access to your course until the duration period ends. What does “Certification Voucher Included” mean? Many of our career training programs include certification vouchers. This means that at the successful completion of your course, at no additional charge, you will receive an exam voucher for the corresponding industry certification. This voucher will allow you to register and sit for the appropriate certification exam to obtain your industry credential. When will I start my course? Our online courses are open enrollment, so you can start immediately. If you are using any third-party funding to cover your course tuition, your start date may be a future date determined by your funding program. What type of support will I receive during my course? Once enrolled, you will be assigned a client adviser who will provide you with customer and technical support. Your client adviser will supply you with your course access information, any needed materials, and be available to answer any questions you have during your training experience. They will regularly check-in with you to monitor your progress and assist you with staying on track. You will also be assigned to a course mentor who will provide curriculum support throughout your training. Your mentor is available to answer any questions you have on your course curriculum, will monitor your progress and understanding of the curriculum, and may give assignments or quizzes. Who do I contact if I cannot access my course? If you experience any trouble accessing your course including technical issues or lost login credentials, please contact your client adviser at Austin Peay State University. Who do I contact if I need an extension? Our goal for students is to successfully complete their training course and achieve their career goals. We understand that extenuating circumstances can interfere with your ability to complete your course in the duration given. Because of this we have free or low-cost extensions available for our courses upon request. To discuss or request an extension please contact your client adviser at Austin Peay State University. What do I receive when I complete my course? Upon successful completion of your course and fulfillment of any outstanding financial obligations, you will receive your certificate of completion. Certificates are provided to you within 30 days of completion. Your certificate will validate the training course you completed with a stamp of completion. Will I receive any job search assistance or externship opportunity after I finish my course? Students that successfully complete our career training programs are assigned a career development adviser who will coordinate placement at a local externship or hands on opportunity. These opportunities are optional and may vary based on availability and occupation. Your career development adviser will also provide job search services such as: resume building, mock interviews, job opportunity resources, and more. Our professional enrichment courses do not come with a career adviser or career services. $1,295.00 Enroll Now Overview Ready to dive in? 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