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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

Consortium for International Studies | Evaluated Learning Experience

Microeconomics ECO 102

Location: 

Various; distance learning format.

Length: 

Varies; self-study.

Dates: 

September 2018 - Present.

Instructional delivery format: 
Hybrid course/exam
Learner Outcomes: 

Upon successful completion of the course, students will be able to: understand that markets have two sides - one side of a market is the demand side and the other is the supply side; evaluate how market adjustments eliminate shortages and surpluses; define the four major determinants of price elasticity of demand; review the basic concepts that can be used to build a specific theory of the demand for and supply of labor; explain the six factors that contribute to income inequality are innate abilities and attributes, work and leisure, education and other training, risk taking, luck, and wage discrimination; and evaluate the theories of public choice and assess how it helps explain the behavior of politicians, especially near or at election time.

Instruction: 

Microeconomics is a 15-week course based on a textbook and study guide. Topics include market supply and demand, income inequality, price elastic and labor. Students are evaluated by a final examination. 

Credit recommendation: 

In the lower division baccalaureate/associate degree category, 3 semester hours in Accounting, Business Administration, Business Management, Principles of Economics, Introduction to Microeconomics, Finance, or  Mathematics (8/18).

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