Microeconomics (ECON102)

StraighterLine Microeconomics (ECON102) is ACE Credit–recommended (course code OOSL-0008) for 3 semester credits. You will apply the economic way of thinking—scarcity, opportunity cost, marginal analysis, specialization, and production possibilities; build and interpret supply-and-demand models; study elasticity, utility, and consumer choice; analyze production, costs, and perfectly competitive supply; evaluate market efficiency and exchange; compare market structures including pure competition, monopoly, oligopoly, and monopolistic competition with attention to strategic behavior and game theory; examine market failures, externalities, and behavioral-economics themes as presented; and connect price elasticity to firm profitability across structures. Includes digital textbook (Frank et al., Principles of Microeconomics, 2024 Release, McGraw-Hill). Eleven checkpoints, benchmarks, capstones, and an open-book final; passing typically requires 70% or higher; scientific or graphing calculator allowed. No prerequisites listed. Membership required; free transcript delivery to your school. Taught by Marlo Chavarria. Confirm transfer with your registrar.