Microeconomics

Microeconomics is the study of how individuals and firms face and make the various choices. Economics is the study of the efficient utilization of scarce resources to satisfy a society of unlimited human wants. Microeconomics examines the interaction of firms, consumers and government in the allocation of these scarce resources. This course will introduce students to the economic analysis of choices made by individuals, businesses and industries. Students will learn how the price mechanism and concepts of supply and demand enter into and influence their personal choices. Students will also be exposed to those economic factors that tend to affect how businesses make production choices (theory of the firm). After developing the theory of the firm, the course will then examine this theory under conditions of perfect competition, monopoly, monopolistic competition, and oligopolies. Usually offered Fall and Spring semesters.

This is a non-credit, workforce development course — a lower-cost way to build practical skills without enrolling in a full degree program. It's a good fit for anyone changing careers, brushing up on skills for a current job, or exploring the subject before committing to a credit-bearing program.

Coursework is delivered online through SUNY Niagara's learning platform and runs the length of the semester, with topics building week to week. Upon successful completion, students receive a Certification of Completion to document their coursework.