Microeconomics (ECON 2103)
Microeconomics (ECON 2103)
Course ID: ECON 2103
Microeconomics is the study of how businesses operate and the influence that economic decision making has on markets, industries, and competition. In this course, students will explore what it means to think on the margin and understand the key principles of economics, including supply and demand; the impact of cost, utility, and externalities on businesses and markets; the impact of government policies and taxing; different forms of markets; the roles of profit and elasticity and competition; wages and how production decisions are made; and the factors of production.
By the end of the course, you will be able to:
- Evaluate how to think on the margin, and determine the role of utility in economic decision making.
- Engage in ethical inquiry, and develop effective communication skills through an analysis of market structures, pricing, and production decisions.
- Examine the role of elasticity and externalities and their impact on markets and competition structures.
- Compare and contrast different forms of competition and theories of how markets operate.
- Engage in economic decision making, factoring in the role of the government, the impact of taxes, and the impact of production cost.
- Examine and dissect the complex cause and effect relationship between supply and demand.
- Evaluate another person's work using performance criteria.
- Evaluate a scenario and identify the best answer, and engage with others to explain your rationale.
3 Credit Hours
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FAQs
What courses are available to take?
Dual Advisors currently offers 27 online, fully accredited dual-credit and college-level courses through partnerships with universities and colleges across the United States. These include:
- United States History 1
- United States History 2
- Language and Composition
- American Government
- Introduction to Communication
- Introduction to Biology
- Introduction to Biology: LAB
- Quantitative Analysis 1
- Principles of Psychology
- Introduction to Information Technology
- Chemistry 1
- Chemistry 1: LAB
- Latin 1
- College Algebra
- Physical Sciences
- Physical Sciences: LAB
- College Readiness (1-Credit)
- Introduction to Christianity
- World Civilizations 1
- Microeconomics
- Research and Composition
- Old Testament
- Introduction to Business and Entrepreneurship
- Survey of the New Testament
- Music Appreciation
- Philosophy of Life
- Introduction to Literature
Course materials & books
Each course is conducted entirely online. It provides students with all required learning resources, materials, exam proctoring expenses, and dedicated support from expert mentors, professors, and student teachers.
What support & accountability can I expect to receive?
There are several layers of support available to ensure every student's success. Each course has its own academic support system in addition to the support provided by Dual Advisors. The course instructors are experienced and actively participate in your learning, holding regular office hours and being available for any questions. Student Coaches are also available to check on your progress, organize study groups, and assist you in setting goals for success.
Can I transfer my earned credits to my choosen university or college?
Our coursework is accredited by the top regional and national standards. It is transcribed by a University or College and supported by professors who meets these standards. Generally, these credits will transfer to your selected university or college just like any other on-campus credits or AP coursework. Moreover, our Dual Advisors can proactively communicate with the admissions department at your chosen university to ensure that the credits are equivalent and transferable.
Age & identification requirements
Dual credit coursework is available for students who are at least 13 years old. To receive transferable college credit for this course, Dual Advisors and its partners will need to verify your identity using a government-issued or school-issued photo ID. Make sure to have your ID ready for the proctored mid-term and final examinations, as well as when applying for a transcript. You can start studying for this course without the appropriate identification, but it is necessary to have a government-issued or school-issued photo ID before scheduling the mid-term exam.
Technological requirements
All dual credit coursework is conducted online, requiring access to a computer or laptop, as well as consistent internet connectivity. Make sure your device meets the minimum requirements for completing a course for credit by reviewing the information specific to your operating system.
FOR PC:
Hardware
- Intel Core 2 Duo (or AMD 64×2 Dual-Core) processor
- 1 GB RAM
- 80 GB hard drive
- 1024×768 resolution monitor
- Soundcard with microphone and speakers
- Built-in or external webcam
- Broadband internet connection with speeds of at least 2 Mbps download and 2 Mbps upload. Hot spots are not recommended. Test internet speed at: http://www.speedtest.net
- Browser with pop-up blocker disabled
Software
- Windows 7 or above
FOR MAC:
Hardware
- Intel Core 2 Duo (or AMD 64×2 Dual-Core) processor
- 1 GB RAM
- 80 GB hard drive
- 1024×768 resolution monitor
- Soundcard with microphone and speakers
- Built-in or external webcam
- Broadband internet connection with speeds of at least 2 Mbps download and 2 Mbps upload. Hot spots are not recommended. Test internet speed at: http://www.speedtest.net
- Browser with pop-up blocker disabled
Software
- Mac OS 10.6 “Snow Leopard” or above
Workload & completion time allotment
In each dual credit course, you can expect to spend around 135-160 contact hours. A significant portion of this time will be dedicated to reading the material, watching instructional videos, and completing the Check Your Knowledge Participation Quizzes. To complete the larger mastery assignments, you should set aside at least 20 hours, and the rest of your time should be devoted to studying for and taking your midterm and final exams. Term and semester start and completion dates are selected at course enrollment.
Drop date & refund policy for coursework
Students can receive a full refund if they drop the course within 15 days of their purchase.
For more detailed information about Dual Advisors' refund and drop date policies, see our Refund & Drop Date Policies Page.
Request a Transcript
Once you have successfully finished the course and obtained a passing grade, you have the opportunity to request an official transcript from our partnered university. Usually, the transcript can be requested for a small additional fee, typically between $20-$50 each. This transcript can be applied towards a future degree program at the partnering institution, or it can be transferred to another college or university of your choice. To gain clarity on how these credits can be utilized, we suggest contacting the admissions office at the specific educational institution you plan on attending. In case you have additional questions, Dual Advisors are available to provide definitions, tips, and assist with your interactions.
Earning an Associates Degree
By combining the pursuit of a college Associates degree with high school graduation, students can seize an exceptional opportunity. This simultaneous achievement is not only possible but also actively encouraged. Opting for an online accelerated degrees program ensures that completion can be accomplished within a year, catering to individuals who value efficiency. Nevertheless, it's worth noting that many dual credit students opt for a more flexible timeline of 2-3 years to ensure a balanced workload. Engaging with Dual Advisors will provide valuable insights into this possibility and how it aligns with personal goals.