- Course type: Self-paced
- Available Lessons: 140
- Average Lesson Length: 8 min
Eligible for Certificate: Yes
Certificates show that you have completed the course. They do not provide credit.
Watch a preview:chapter 1 / lesson 1What is Economics? - Definition & Types
Course SummaryReinforce your understanding of economic theories, processes and concepts in the area of microeconomics using our extensive study guide. This course is a convenient way to study for the UExcel Introduction to Microeconomics exam in just a few weeks.
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12 chapters in UExcel Introduction to Microeconomics: Study Guide & Test Prep
Course Practice TestCheck your knowledge of this course with a 50-question practice test.
- Comprehensive test covering all topics
- Detailed video explanations for wrong answers
About This Course
With this comprehensive study guide, you can prepare for the UExcel Introduction to Microeconomics exam in as little as two weeks. Short and accessible lessons make it easy and convenient for you to study the topics you will need to know for this exam. This guide is one of the simplest ways you can earn three transferable college credits.
By using this course, you will have the opportunity to review various aspects of economics and microeconomics, such as consumer behavior, supply and demand, production, government regulations and economic markets. Lessons review definitions and provide detailed examples so you're sure to easily retain the information discussed.
Syllabus & Course Information
This course offers a convenient and flexible way to meet the objectives of the UExcel Introduction to Microeconomics exam. Brief lesson quizzes, chapter tests and a practice final exam are available to test your understanding of these objectives. After completing the course, you should be able to:
- Understand basic facts about economics, microeconomics and macroeconomics
- Relate details about supply and demand curves, pricing and factors affecting supply and demand
- Discuss consumer behavior in microeconomics
- Describe production processes and costs in microeconomics
- Identify various business organizational structures
- Detail cost accounting procedures and processes
- Define relevant terms and systems in economic market structures
- Provide information about economic resource markets
- List characteristics and describe the development of business technology
- State government regulations and legislations affecting trade and other business practices
This is an introductory course and there are no prerequisites.
This course consists of 10 individual chapters containing video and test lessons. Each lesson takes only 5-10 minutes to review and includes a short self-assessment quiz that helps you determine the level of your understanding and whether you would need to review any topics further. A final exam measures your overall understanding and your readiness to take the UExcel Introduction to Microeconomics exam. Use your Dashboard to contact instructors with any lesson-specific questions you might have.
UExcel Introduction to Microeconomics Exam Information
The UExcel Introduction to Microeconomics exam is designed to address all of the topics you would cover in an introductory microeconomics course. Students can use the credit earned by passing this exam toward satisfying degree requirements.
- Number of Questions: 120 questions
- Question Type: Mostly multiple choice
- Time Limit: 2 hours
- Number of Credits: 3 credits
- Exam Cost: $110
UExcel Introduction to Microeconomics Exam Breakdown
|UExcel Exam Concept||Percent of the UExcel Exam||Approximate Number of Questions||Chapter Lessons|
|Introduction to Economics and the Economy||25%||30||27|
|Markets and Behavior||20%||24 questions||30|
|Market Structures||20%||24 questions||24|
|Resource Markets||20%||24 questions||6|
|Government Issues and Policies||15%||18 questions||12|
Earn UExcel Credit
You can earn three transferable college credits when taking the UExcel Introduction to Microeconomics exam. This can help you save money on tuition costs and even complete your degree in a shorter amount of time. This course allows you to prepare for the exam quickly and efficiently.
Study Schedule for the UExcel Introduction to Microeconomics Exam
This course consists of about 15 hours of instruction. Easy accessibility 24/7 allows you to set your own study schedule. Determine when you'll be ready for the exam by using the time table below.
|Study Frequency||When You'll Be Ready for the Exam|
|3 hours a day; 3 days a week||about 1.5 weeks|
|2 hours a day; 3 day a week||about 2.5 weeks|
|1 hour a day; 3 days a week||5 weeks|
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