CE/CPE Course Information

Microeconomics 1: Basics

CPE Credits: 4
Subject Area: Management
Field of Study: Economics
Program Level: Overview
Lesson Version: 13-1
Publication/Revision Date: August 28, 2019
Prerequisites/Advanced Preparation: None

Learning
Objectives
After completing this course, you will be able to
  • Distinguish a change in quantity demanded or quantity supplied from a change in demand or supply
  • Apply the principle of equilibrium
  • Interpret price elasticity of demand, cross-elasticity of demand, income elasticity of demand, and price elasticity of supply
  • Infer the effects of externalities and government intervention on a market
  • Recognize the concepts of diminishing marginal utility and consumer utility maximization
Course Topics
  1. Demand, Supply, and Equilibrium
  2. Elasticity
  3. Externalities and Government Intervention
  4. Consumer Utility

This self-study course consists of an Audiovisual presentation or a 20-question True/False Introductory quiz, a Knowledge Transfer Outline with multiple-choice questions for study and review, and a Qualified Assessment of 20 questions.

This course is designed for your convenience. You may log out at any time during the course; your current position and all work will be saved. The next time you log in, you can resume right where you logged off.

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