Introduction to Microeconomics

At the end of the lesson, students should understand the following:
The fundamental nature of economics - unlimited wants and scarce resources and the need to make choices.
The three questions related to the economic problem and its implications for an economy.
A definition of opportunity cost.
Production possibility frontiers and their relevance to the concept of opportunity cost.

Course Description:
The purpose of the course is to give students a thorough understanding of the principles of economics that are applied to the functions of individual decision makers, both consumers and producers, within the larger economic system.

Lesson 1: Intro to Microeconomics
Lesson 1 Quiz
Lesson 2: Demand
Lesson 2 Quiz
Lesson 3: Supply
Lesson 3 Quiz
Lesson 4: Elasticity
Lesson 4 Quiz
Lesson 5: Consumer and Producer Surplus
Lesson 5 Quiz
Lesson Review
Lesson 6: Market Structure
Lesson 6 Quiz
Lesson 7: Externalities
Lesson 7 Quiz
Lesson 8: Public Goods
Lesson 8 Quiz
Lesson 9: Consumers, Producers and the Efficiency of Markets
Lesson 9 Quiz
Lesson 10: The Cost of Production
Lesson 10 Quiz
Final Exam

**NOTE** You will need Microsoft Power Point for the first link below


Demand- Demand. 23 Jan 2008,articleId-9728.html

  1. Supply. 23 Jan 2008,articleId-9729.html
  2. Elasticity. 23 Jan 2008,articleId-9731.html
  9.,6,Positive and Negative Externalities,1,Market and Public Goods Failure: Externalities

  2.,5,“The best things in life are free. . .”
  4.,1,Slide 1
  5.,37,The End

If you want to take the course please click the following link containing the lessons to complete the course. click below.

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