Advanced Topics in Microeconomics

Grade 10
Written By Peter Friedman

Advanced topics in microeconomics Online High School Course

COURSE LENGTH:

Full Year (30 Sessions)

COURSE DESCRIPTION:

This course seeks to give students a comprehensive understanding of the core microeconomic principles to understand decisions made by consumers (like you and I) and producers (businesses). Primarily, students will develop an economic lens, grounded in literature and basic models to use and apply to the world around them.

Students will first uncover the major economic principles and define the basics of major models (e.g., opportunity cost, demand and supply, competition models). Secondly, students will learn how to use these models to describe the rationale for decisions around them. Lastly, students will learn how to use these models to predict decision making.

Specifically, this course will delve into the following topics: supply and demand, production decisions, perfect competition, imperfect competition, and market failure. This course does not require a strong foundation in math, as much of the material will rely on basic models and literature.

COURSE LENGTH:

  • 30 hours of synchronous work

  • 45 hours of asynchronous work

Materials:

  • ISBN: 978-1-118- 06353-8

LEARNING OBJECTIVES:

  • Define major economic principles and their respective models

  • Understand the interdependency and connections of economic principles and models

  • Use economic models to explain and predict impacts of individual and business decisions

  • Comprehend articles and policy briefs and how they use economic concepts

  • Develop written arguments

  • Compare predictions from economic models and impacts of everyday decisions

  • Explore the pros and cons of current microeconomic theories

Peter Friedman
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