http://www.phoenix.edu
Principles Of Microeconomics –
eco365
(3 credits)
This course provides students with the basic theories, concepts, terminology, and uses of microeconomics. Students learn practical applications for microeconomics in their personal and professional lives through assimilation of fundamental concepts and analysis of actual economic events.
This undergraduate-level course is 5
weeks.
To enroll, speak with an Enrollment Advisor.
-
Production and Cost Analysis
- Describe the relationship between the number of inputs and the law of diminishing marginal productivity.
- Analyze the effect of changes in marginal revenues and costs on a firm’s profit-making potential.
- Analyze the effect of changes in the supply of and demand for factors of production on the price of inputs.
- Analyze the relationship between productivity and the cost of production.
-
Fundamentals of Microeconomics
- Determine how elasticities affect pricing and purchasing decisions.
- Analyze the effect of changes in supply and demand on the equilibrium price and quantity.
- Differentiate between macroeconomics and microeconomics.
-
Global Competition
- Analyze the effect of global competition on the relationship between management and labor.
- Determine the effect of global competition on an organization’s strategies for maximizing profits.
-
Public Policy in Economics
- Analyze the effect of government interventions, taxation, and regulations on economic behavior.
- Differentiate among horizontal, vertical, and conglomerate mergers.
- Analyze the effect of externalities on market outcomes.
-
Market Structure
- Determine profit-maximizing strategies based on market structure analysis.
- Evaluate the effectiveness of competitive strategies within market structures.
- Compare various market structures and their characteristics.
- The University of Phoenix reserves the right to modify courses.
- While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Advisor.
- Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.
We're here to help
Learn more today
Loading...