PRINCIPLES OF MICROECONOMICS COURSE
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The Principles of Microeconomics course contains 115 self-grading microlearning lessons that work instantly inside your Learning Management System (LMS).

Principles of Microeconomics has been developed to meet the scope and sequence of most introductory microeconomics courses. At the same time, it includes a number of innovative features designed to enhance student learning. The course covers the breadth of economics topics and also provides the necessary depth to ensure that it is manageable for instructors and students alike. And to make it more applied, many current topics have been incorporated. Instructors can use each microlearning topic in order, or choose the ones that suit the approach that works best in their classroom.

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  • Microeconomics and Macroeconomics
  • How Economists Use Theories and Models to Understand Economic Issues
  • How Economies Can Be Organized: An Overview of Economic Systems
  • Final Assessment
  • How Individuals Make Choices Based on Their Budget Constraint
  • The Production Possibilities Frontier and Social Choices
  • Confronting Objections to the Economic Approach
  • Final Assessment
  • Demand, Supply, and Equilibrium in Markets for Goods and Services
  • Shifts in Demand and Supply for Goods and Services
  • Changes in Equilibrium Price and Quantity: The Four-Step Process
  • Price Ceilings and Price Floors
  • Demand, Supply, and Efficiency
  • Final Assessment
  • Demand and Supply at Work in Labor Markets
  • Demand and Supply in Financial Markets
  • The Market System as an Efficient Mechanism for Information
  • Final Assessment
  • Price Elasticity of Demand and Price Elasticity of Supply
  • Polar Cases of Elasticity and Constant Elasticity
  • Elasticity and Pricing
  • Elasticity in Areas Other Than Price
  • Final Assessment
  • Consumption Choices
  • How Changes in Income and Prices Affect Consumption Choices
  • Behavioral Economics: An Alternative Framework for Consumer Choice
  • Final Assessment
  • Explicit and Implicit Costs, and Accounting and Economic Profit
  • The Structure of Costs in the Short Run
  • The Structure of Costs in the Long Run
  • Final Assessment
  • Perfect Competition and Why It Matters
  • How Perfectly Competitive Firms Make Output Decisions
  • Entry and Exit Decisions in the Long Run
  • Efficiency in Perfectly Competitive Markets
  • Final Assessment
  • How Monopolies Form: Barriers to Entry
  • How a Profit-Maximizing Monopoly Chooses Output and Price
  • Final Assessment
  • Monopolistic Competition
  • Oligopoly
  • Final Assessment
  • Corporate Mergers
  • Regulating Anticompetitive Behavior
  • Regulating Natural Monopolies
  • The Great Deregulation Experiment
  • Final Assessment
  • The Economics of Pollution
  • Command-and-Control Regulation
  • Market-Oriented Environmental Tools
  • The Benefits and Costs of U.S. Environmental Laws
  • International Environmental Issues
  • The Tradeoff between Economic Output and Environmental Protection
  • Final Assessment
  • Why the Private Sector Under Invests in Innovation
  • How Governments Can Encourage Innovation
  • Public Goods
  • Final Assessment
  • Drawing the Poverty Line
  • The Poverty Trap
  • The Safety Net
  • Income Inequality: Measurement and Causes
  • Government Policies to Reduce Income Inequality
  • Final Assessment
  • Unions
  • Employment Discrimination
  • Immigration
  • Final Assessment
  • The Problem of Imperfect Information and Asymmetric Information
  • Insurance and Imperfect Information
  • Final Assessment
  • How Businesses Raise Financial Capital
  • How Households Supply Financial Capital
  • How to Accumulate Personal Wealth
  • Final Assessment
  • Voter Participation and Costs of Elections
  • Special Interest Politics
  • Flaws in the Democratic System of Government
  • Final Assessment
  • Absolute and Comparative Advantage
  • What Happens When a Country Has an Absolute Advantage in All Goods
  • Intra-industry Trade between Similar Economies
  • The Benefits of Reducing Barriers to International Trade
  • Final Assessment
  • Protectionism: An Indirect Subsidy from Consumers to Producers
  • International Trade and Its Effects on Jobs, Wages, and Working Conditions
  • Arguments in Support of Restricting Imports
  • How Trade Policy Is Enacted: Globally, Regionally, and Nationally
  • The Tradeoffs of Trade Policy
  • Final Assessment
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