Introduction to Microeconomics Course Overview

  • ECON 1010 is a three-credit microeconomics course that provides a thorough introduction to microeconomic theory. This course begins with an analysis of opportunity costs and trade offs. These concepts are then used as the foundation for studying producer and consumer behavior. Next, consumer and producer behavior theory are combined and used as the building blocks for an analysis of supply, demand, consumer surplus, producer surplus, and elasticity. The course concludes with an overview of the four market structures commonly studied in microeconomics and how they rely on the concepts and theories that have provided the foundation for the course.

    *This course is considered an upper-level undergraduate course (300 level or above).

Introduction to Microeconomics Course Outcomes

  • Examine the role economists play in society and how they use critical thinking skills
  • Analyze the term microeconomics and the components of the economic system: demand, supply, equilibrium, and consumption
  • Evaluate the factors of production, market structure, resource allocation, and regulation
  • Analyze household behavior and consumer choice
  • Summarize the behavior of profit maximizing firms and the production process
  • Outline the production and distribution of resources, goods, and services
  • Debate the concept of scarcity and opportunity cost with the concept of marginal analysis to evaluate trade-offs and make decisions
  • Analyze how markets work to allocate resources and the optimal individual decision-making that underlies market outcomes
  • Identify various market structures and their implications for resource allocation

Introduction to Microeconomics Course Prerequisites

  • One semester of college-level algebra (MATH 1010)

    * Please note these prerequisites are highly suggested and support course preparedness and success. We recommend having completed the listed prerequisites before enrolling and within the past seven years.

How do exams work?

All exams are taken online. Major exams are required to be proctored online through ProctorU. For instructions on how to take your exams online, visit UNE Online’s ProctorU site. Please note exams must also be proctored with the UNE-approved external webcam.

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How do labs work?

ECON 1010 is a lecture-only course. We do not offer an associated lab component for this course.

Tuition & Fees

ECON 1010: Lecture

$1,140

  • Credits: 3
  • Tuition: $1,110
  • Registration: $30
  • Total: $1,140 (Total payment is due in full at the time of registration)

*The cost of the materials is not included in this total

Required course materials

As a Reminder

Complete at Your Own Pace within 16 weeks

24/7 Online Registration

Courses Typically Begin Every Two to Three Weeks

Working at the pace typical for a four-semester hour course, the average student will complete this online course in approximately 16 weeks. Many students have elected an online course for the sake of flexibility. Since the course is self-paced, you may be able to complete the course in less than 16 weeks.

You may enroll for a course at any time through our self-service registration portal. Payment is needed in full at the time of registration.

You must be registered for your class by 12:00 noon EST the Monday before the class starts. Your official start date is the date that the course opens and you will have 16 weeks from that date to complete your course.

 

Your Dedicated Student Service Advisor

Laura Eberly

Laura Eberly

Student Service Advisor I

(207) 221-4975

leberly1@une.edu


 

 

Questions?

If you have any questions about registration, the coursework or course requirements, please reach out to one of our student service advisors at the email or phone number below.

 

If you intend to use VA Benefits or Military Tuition Assistance, please do not use the self-registration portal. Please call (855) 325-0894 to be directed to the appropriate office for assistance or view our Veteran Benefits page for more info.