Classroom: Introduction to Microeconomics
- Classroom dates:
- Teaching hours:
- 1
- Teachers:
- Martha Abdullah, AIUHS General Teacher, AIUHS Roxana Candela
- Organized by:
- AIU HS
- Description:
Introduction to Microeconomics
Course Description
The purpose of the course is to give students a thorough understanding of the principles of economics that are applied to the functions of individual decision makers, both consumers and producers, within the larger economic system.
- Course objectives:
Objectives
n At the end of the lesson, students should understand the following:
n The fundamental nature of economics - unlimited wants and scarce resources and the need to make choices
n The three questions related to the economic problem and its implications for an economy
n A definition of opportunity cost
n Production possibility frontiers and their relevance to the concept of opportunity cost
- Program:
-
LessonLesson 1: Introduction to Microeconomics
LessonLesson 2: Demand
LessonLesson 3: Supply
LessonLesson 4: Elasticity
LessonLesson 5: Consumer and Producer Surplus
LessonLesson 6: Market Structures
LessonLesson 7: Externalities
LessonLesson 8: Public Goods
LessonLesson 9: Consumer, Producers and the Efficiency of the Market
LessonLesson 10: The cost of Production