MindEdge's Principles of Microeconomics Learning Resource

MindEdge's Microeconomics learning resource provides an introduction to the fundamentals of microeconomics, exposing students to key concepts, such as supply and demand, scarcity and choice, and competition and market efficiency. These and other microeconomic concepts are placed in the context of how each relates to the decision-making behavior of individual consumers to maximize utility, and individual firms to maximize profit.

This modular course can be tailored to your school with web texts, ebooks, and optional trade paperbacks available. It seamlessly integrates into all learning management systems.

The course includes pretests and self-assessments, interactive exercises, videos, and games that appeal to a variety of learning styles.

Topics covered in this course include:

  • Why is Economics Important?
  • Scarcity and Choice
  • Supply, Demand, and Market Equilibriums
  • Labor Markets
  • Elasticity and Pricing
  • Consumer Choice and Financial Markets
  • The Structure of Short-run and Long-run Costs
  • Perfect Competition and Efficiency
  • How Monopolies Form
  • Monopolistic Competition and Oligopolies
  • Antitrust and Anticompetitive Behavior and Policy
  • Negative Externalities
  • Public Goods and Positive Externalities
  • Drawing the Poverty Line
  • Labor Markets
  • Risk and the Problem of Imperfect Information
  • Raising Capital
  • Special Interest Politics and the Economy
  • Absolute and Comparative Advantage
  • The Tradeoffs of Trade Policy

The twenty modules of this course are as follows:

  1. Welcome to Economics!
  2. Choice in a World of Scarcity
  3. Demand and Supply
  4. Labor and Financial Markets
  5. Elasticity
  6. Consumer Choices
  7. Cost and Industry Structure
  8. Perfect Competition
  9. Monopoly
  10. Monopolistic Competition and Oligopoly
  11. Monopoly and Antitrust Policy
  12. Environmental Protection and Negative Externalities
  13. Positive Externalities and Public Goods
  14. Poverty and Economic Inequality
  15. Issues in Labor Markets: Unions, Discrimination, Immigration
  16. Information, Risk, and Insurance
  17. Financial Markets
  18. Public Economy
  19. International Trade
  20. Globalization and Protectionism