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Online Courses in Microeconomics
The following descriptions are for commonly offered online microeconomics courses.
- Introduction to Microeconomics Course: An introductory microeconomics course is generally taken early in an associate's or bachelor's degree program. It covers the fundamental principles of microeconomics, including supply and demand, price fixing, income distribution and resource scarcity.
- Applied Microeconomics Course: Students apply economic principles to contemporary political and social issues. Topics include welfare, environmental conservation, health insurance reform and education policy. Applied microeconomics can be taken at the undergraduate or graduate level.
- Behavioral Economics Course: An undergraduate or graduate course in behavioral economics brings principles of psychology to bear on economic behavior. Consumer interactions are explored in relation to psychological evidence about self-control, estimation biases and notions of fairness.
- Statistics Course: Students learn about statistic principles that apply to economic behavior. Topics include probability, hypothesis testing and estimation. Knowledge of calculus and algebra is required. Statistics courses are required in most associate's and bachelor's degree programs and are prerequisites to many master's degree programs.
- Intermediate Microeconomics Course: In this course, students obtain a higher level of microeconomics knowledge. Problem solving is emphasized, as well as the theory of consumer behavior and the analysis of market failure. Undergraduate students must complete an introductory microeconomics course before enrolling.
- Microeconomic Theory III Course: This more advanced course explores models of individual decision making. Risk sharing, financial markets and spacial economics are just some topics that may be covered.
- Game Theory Course: Students enrolled will be introduced to solution concepts in game theory. Many concepts relative to game theory will be studied, including bargaining, reputation, Shapley value and higher order beliefs.
Microeconomics is closely related to statistics and to other fields in the social sciences, especially psychology and political science. Students with a strong background in microeconomics are prepared to work in fields like finance or politics in for-profit and non-profit organizations. To complete an online microeconomics course, students may need specialized software for creating graphs, displaying mathematical equations or performing statistical calculations on their computers.
Online options are available to those interested in microeconomics at both the undergraduate and graduate degree levels, along with standalone classes. Topics explored include statistics, behavioral economics and applied microeconomics.