About This Course
Study.com Microeconomics introduces how individuals, firms, and markets allocate scarce resources: supply and demand, elasticity, consumer choice and utility, production and costs, competitive and imperfectly competitive market structures (monopoly, oligopoly, monopolistic competition), labor markets, welfare economics, externalities, public goods, and introductory game-theory intuition where applicable. Video lessons, practice, and assessments align with a first college-level microeconomics course. Credit is earned through the College Accelerator plan; courses carry ACE and NCCRS recommendations. Always confirm transfer with your receiving institution.
General education & majors
Degree requirements differ by college and catalog year; always verify gen-ed rules and transfer credit with your advisor.
Satisfies economics or social-science breadth at many colleges and pairs with macro in business core sequences — confirm whether micro should be taken before macro at your institution.
What You'll Learn
- Use supply-and-demand reasoning to analyze prices, shortages, surpluses, and shifts.
- Interpret elasticity concepts for consumers and producers across policy or pricing scenarios.
- Explain firm behavior across production stages and common market structures at an introductory level.
- Identify externalities, efficiency, deadweight loss, and basic corrective policy tools.
- Solve graph-based problems typical of introductory microeconomics assessments.
About Study.com
Study.com offers 220+ online college courses with ACE and NCCRS credit recommendations. College Accelerator plans include video lessons, quizzes, and proctored exams for transferable credit.
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