Credits: 3 Credits (126 Clock Hours)
Self-paced: 4-month completion deadline.
Delve into the intricacies of individual economic behavior with BUS-401: Microeconomic Analysis. This course employs theoretical rigor to examine the economic decisions made by individual buyers and sellers, and the resulting outcomes in various markets. Starting with the efficient properties of perfect competition, the course moves on to address issues like market power, externalities, and asymmetric information. The analytical focus prepares you for a broad range of topics in public, labor, industrial, environmental, educational, and developmental economics.
What you'll learn:
- Gain a comprehensive understanding of how microeconomics empowers individuals to be more aware of their environment and make better decisions.
- Explore the concept of scarcity and understand why it necessitates tradeoffs and choice.
- Differentiate between centrally planned and market economies.
- Study the dynamics of supply and demand, and how consumers and producers shape market trends.
- Grasp the significance of aggregate expenditures in evaluating economic performance.
- Understand the implications of consumer surplus and producer surplus in the economy.
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Courses are self-paced and supported by qualified faculty. Students work on their reading, assignments, and quizzes on their own time. This flexibility allows students to study while navigating the rest of their busy lives. Our courses and programs have completion deadlines, but beyond that, students can complete the work on their own schedule. Instructors are always available for questions and support. Students are not required to attend any scheduled class meetings.
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Washington Technical Institute is Regionally accredited by the Middle States Association CESS, and licensed by the Minnesota Office of Higher Education as an institution of higher learning