Monday, 21 May 2012

Online Microeconomics Course and Class Overviews

Microeconomics at the undergraduate and graduate level studies the behavior of small economic units, such as individuals, households and businesses. Online classes in microeconomics are relevant to economists, social scientists and statisticians.

Overview of Online Microeconomics Courses

Microeconomics seeks to explain how business, families and individuals conduct economic transactions. Students may take microeconomics courses as part of an undergraduate or graduate degree program in economics or a related field. 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 from finance to politics or in nonprofit organizations.

Course Requirements

Online microeconomics courses incorporate readings, online lectures, discussion boards and periodic assignments. Students must generally have a computer and Internet connection capable of watching online videos with sound, participating in chat rooms or discussion boards and accessing PDFs, Word documents and course websites. Some courses may require specialized software for creating graphs, displaying mathematical equations or performing statistical calculations.

Online Microeconomics Course List

Introduction to Microeconomics

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 may include welfare, environmental conservation, health insurance reform or education policy. Applied microeconomics may be studied by advanced undergraduates or graduate students.

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.

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