Davar Academy, LLC | Evaluated Learning Experience
Microeconomics (ECO 301)
Varies (self-study, self-paced).
November 2016 - Present.
Upon successful completion of this learning experience, students will be able to: analyze consumer behavior; analyze different types of market structures (monopoly, oligopoly and a competitive market); apply economic principles to a range of policy questions; compare the differences between private, common, and public goods and their significance to the economy; contrast different market structures and the effects of the various costs of production; analyze the roles of opportunity cost in the decision-making process of individuals and firms; relate marginal utility, total utility, and diminishing utility; and critique the role of taxation and government intervention on the effects of supply, demand, and economic growth.
Instruction provides an overview the principles of microeconomics. Major topics include: the interaction of households and firms in specific markets, market efficiency, the tax system, the behavior of firms in the marketplace, and labor markets. The course of study necessary to be prepared for the proctored proficiency examination consists of lessons based on the readings from the textbook. Students are encouraged to answer all the review questions and quizzes for each chapter.
In the upper division baccalaureate degree category, 3 semester hours in Accounting, Business, Economics, Finance, Human Resource Management, Management, or Marketing (11/16).