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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

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Coopersmith Career Consulting | Evaluated Learning Experience

Microeconomics (ECO-101)

Location: 

Various, distance learning format.

Length: 

Varies (self-study; self-paced).

Dates: 

June 2016 - Present. 

Instructional delivery format: 
Proficiency exam
Learner Outcomes: 

Upon successful completion of the course, students will be able to: discuss the concept of scarcity and determine why people consider opportunity costs; describe the laws of supply and demand, pricing systems and be able to calculate price elasticity; identify the central elements of the theory of public choice; discuss the differences between long-term and short-term economic choices; compare multiple forms of competition, including monopolies, oligopolies, and perfect competition; discuss the role the government plays in the economy; demonstrate knowledge of influencing factors in microeconomics, including income differences and health care; define “externalities” and discuss how they affect economic and social decision-making.

Instruction: 

This is an introductory course in microeconomics for students who have no prior background in economics. The instructional approach is mainly non-quantitative, but graphical analysis is covered. Students learn the basic concepts on the demand and supply of goods, the economic behaviors of households and firms and their interactions, and market structures. Students study situations where a competitive market fails to function efficiently and the ways to deal with them. At the end of the course, students should have acquired basic analytical tools useful for a variety of economic problems in our daily lives. Instruction is offered in the form of a course syllabus and study guide, an assigned textbook with reading assignments, a PowerPoint study guide and provided audio/visual presentations. Students are expected to complete the course of study set forth in the syllabus to properly prepare for the final examination. Some background in college algebra and/or statistics is required. Prerequisite: Some background in college algebra and/or statistics is required.

Credit recommendation: 

In the lower division baccalaureate/associate degree category OR in the upper division baccalaureate degree category, 3 semester hours in Business, Marketing, Finance, Economics, Human Resources, or as a general elective (6/16).

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