Free Online Course on Microeconomic Principles: Decision-making under Scarcity

Arizona State University is offering free online course on Microeconomic Principles: Decision-making under Scarcity. This course is part of Global Freshman Academy (GFA), which means you can earn transferable ASU credit toward your college degree.

In this eight-week course, applicants will gain an understanding of how consumers make decisions on the types and quantities of goods to purchase. This course will start on October 10, 2017.

Course At A Glance 

Length: 8 weeks
Effort: 18 hours pw
Subject: Economics & Finance
Institution: Arizona State University and edx
Languages: English
Price: Free
Certificate Available: Yes, Add a Verified Certificate for $49
Session: Course Starts on October 10, 2017

Providers’ Details

Arizona State University has developed a new model for the American Research University, creating an institution that is committed to excellence, access and impact.

About This Course

This course introduces you to microeconomics, the field of economics that studies the decision-making behavior of consumers and firms when their choices are constrained by scarcity. This principle of constrained decision-making is a major building block of modern economics and is the central concept around which this course is built.

Why Take This Course?

This course will help you understand decisions that are made in the face of constraints, such as the transactions you make every day in the marketplace. As a consumer, you must consider your overall income when making a purchase, but business managers must take into account the presence of competitors when deciding on the price to charge you for a product. The course is divided into four parts.

Learning Outcomes

  • Consumer and producer theory
  • The concepts of equilibrium and efficiency and the many ways that consumers and firms interact
  • The concept of efficiency and how it relates to market structure
  • Ability to analyze the effects of policies and other forms of market distortions

Instructors

Fernando Leiva Bertran
Faculty, Economics Department
Arizona State University

Cara McDaniel
Faculty, Economics Department
Arizona State University

Jose Mendez
Faculty, Economics Department
Arizona State University

Requirements

“Secondary school (high school) algebra; basic mathematics concepts”

How To Join This Course

  • Go to the course website link
  • Create an edX account to SignUp
  • Choose “Register Now” to get started.
  • EdX offers honor code certificates of achievement, verified certificates of achievement, and XSeries certificates of achievement. Currently, verified certificates are only available in some courses.
  • Once applicant sign up for a course and activate their account, click on the Log In button on the edx.org homepage and type in their email address and edX password. This will take them to the dashboard, with access to each of their active courses. (Before a course begins, it will be listed on their dashboard but will not yet have a “view course” option.)

Apply Now

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