Course Description: This course is designed to provide students with insight into and appreciation of the dynamics of a market based economy. Microeconomics is the study of interactions of economic agents, consumers, producers and governments, to determine how decisions are made in determining the use of resources within a society. The theoretical framework of supply and demand models, the core of economic analysis, are introduced, and developed throughout the course. Perfectly competitive markets are defined and analyzed in order to allow comparisons of economic efficiencies and inefficiencies relative to other organizational forms of economic activity. Market imperfections, monopolies as well as more general distortions of market behavior, and market failures will also be identified and addressed in detail. The role of government involvement within a market economy will also be discussed.

My Course Description:  Learning the basics of economics, and understanding them to apply them in real life situations.

What I learned in MicroEconomics: I learned the different ways that the economy is effected globally and locally. Learning the different types of economics and how the system works. I have taken the class in high school which benefited me because I knew most of the information that was given to me during class. We had two main tests that showed our understanding of how the economy works and what exactly causes the economy to strive and decline. In this class it benefited me to understanding the economy as a whole.