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Course Description

This course provides students with the basic theories, concepts, terminology, and uses of microeconomics. Students learn practical applications for microeconomics in their personal and professional lives through assimilation of fundamental concepts and analysis of actual economic events.

This undergraduate course is 5 weeks.

PLEASE NOTE:
Attendance and participation are mandatory in all university courses, and specific requirements may differ by course. If attendance requirements are not met, a student may be removed from the course. Please review the Course Attendance Policy in the Catalog for more information.

Course Objectives

The Fundamentals of Microeconomics

  • Describe the economic foundations that explain how people make decisions and interact.
  • Illustrate how the models of supply and demand work.

Market Dynamics and Efficiency

  • Demonstrate how supply and demand determine the price and quantity exchanged of goods and services.
  • Examine market outcomes and the effectiveness of different economic policies using the concepts of consumer surplus and producer surplus.

Elasticity and Consumer Choice

  • Calculate how quantity supplied and quantity demanded respond to changes in prices and income.
  • Apply consumer choice theory to the decisions made by consumers to maximize their utility.

The Microeconomics of Product Markets

  • Calculate the different costs associated with the production of goods and services.
  • Determine the short-run and long-run profit-maximizing outcomes of various market
  • structures.

The Microeconomics of Resource Markets and Trade

  • Analyze resource markets to determine resource prices and optimal resource utilization.
  • Integrate the concepts of supply, demand, and market efficiency to analyze international trade and trade policies.

Prerequisites

None

Disclaimers

The University of Phoenix reserves the right to modify courses.

While widely available, not all programs are available in all locations or in both online and on-campus formats. More information about eligibility requirements, policies, and procedures can be found in the catalog.

Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.

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PRINCIPLES OF MICROECONOMICS
Type
Instructor Led
Days
T, M
Time
12:00AM to 11:59AM
Dates
Apr 14, 2020 to May 18, 2020
Campus
Online Campus
Building
Online Non-Degree
Schedule and Location
Contact Hours
119.8
Location
  • Online Campus
Course Fee(s)
Undergraduate Tuition credit (3 units) $1,194.00 Click here to get more information
Section Fees
Resource Fee $170.00 Mandatory
Credits/Units
3 Credit Hours
PRINCIPLES OF MICROECONOMICS
Type
Instructor Led
Days
T, M
Time
12:00AM to 11:59AM
Dates
Apr 28, 2020 to Jun 01, 2020
Campus
Online Campus
Building
Online Non-Degree
Schedule and Location
Contact Hours
119.8
Location
  • Online Campus
Course Fee(s)
Undergraduate Tuition credit (3 units) $1,194.00 Click here to get more information
Section Fees
Resource Fee $170.00 Mandatory
Credits/Units
3 Credit Hours
PRINCIPLES OF MICROECONOMICS
Type
Instructor Led
Days
T, M
Time
12:00AM to 11:59AM
Dates
May 19, 2020 to Jun 22, 2020
Campus
Online Campus
Building
Online Non-Degree
Schedule and Location
Contact Hours
119.8
Location
  • Online Campus
Course Fee(s)
Undergraduate Tuition credit (3 units) $1,194.00 Click here to get more information
Section Fees
Resource Fee $170.00 Mandatory
Credits/Units
3 Credit Hours
PRINCIPLES OF MICROECONOMICS
Type
Instructor Led
Days
T, M
Time
12:00AM to 11:59AM
Dates
Jun 02, 2020 to Jul 06, 2020
Campus
Online Campus
Building
Online Non-Degree
Schedule and Location
Contact Hours
119.8
Location
  • Online Campus
Course Fee(s)
Undergraduate Tuition credit (3 units) $1,194.00 Click here to get more information
Section Fees
Resource Fee $170.00 Mandatory
Credits/Units
3 Credit Hours
PRINCIPLES OF MICROECONOMICS
Type
Instructor Led
Days
T, M
Time
12:00AM to 11:59AM
Dates
Jun 23, 2020 to Jul 27, 2020
Campus
Online Campus
Building
Online Non-Degree
Schedule and Location
Contact Hours
119.8
Location
  • Online Campus
Course Fee(s)
Undergraduate Tuition credit (3 units) $1,194.00 Click here to get more information
Section Fees
Resource Fee $170.00 Mandatory
Credits/Units
3 Credit Hours
PRINCIPLES OF MICROECONOMICS
Type
Instructor Led
Days
T, M
Time
12:00AM to 11:59AM
Dates
Jul 07, 2020 to Aug 10, 2020
Campus
Online Campus
Building
Online Non-Degree
Schedule and Location
Contact Hours
119.8
Location
  • Online Campus
Course Fee(s)
Undergraduate Tuition credit (3 units) $1,194.00 Click here to get more information
Section Fees
Resource Fee $170.00 Mandatory
Credits/Units
3 Credit Hours
PRINCIPLES OF MICROECONOMICS
Type
Instructor Led
Days
T, M
Time
12:00AM to 11:59AM
Dates
Jul 28, 2020 to Aug 31, 2020
Campus
Online Campus
Building
Online Non-Degree
Schedule and Location
Contact Hours
119.8
Location
  • Online Campus
Course Fee(s)
Undergraduate Tuition credit (3 units) $1,194.00 Click here to get more information
Section Fees
Resource Fee $170.00 Mandatory
Credits/Units
3 Credit Hours
PRINCIPLES OF MICROECONOMICS
Type
Instructor Led
Days
T, M
Time
12:00AM to 11:59AM
Dates
Aug 11, 2020 to Sep 14, 2020
Campus
Online Campus
Building
Online Non-Degree
Schedule and Location
Contact Hours
119.8
Location
  • Online Campus
Course Fee(s)
Undergraduate Tuition credit (3 units) $1,194.00 Click here to get more information
Section Fees
Resource Fee $170.00 Mandatory
Credits/Units
3 Credit Hours
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