This course provides a strong foundation in microeconomic theory, whether preparing for further study in economics, the social sciences, business, or other disciplines. Designed to help students think like economists, course materials use engaging, real-world examples to explore how individuals and firms make economic choices. Key topics include supply and demand, elasticity, utility, production and costs, and an analysis of types of markets: perfect competition, monopoly, monopolistic competition, and oligopoly. Content coverage also includes public goods and externalities, labor markets, income distribution, globalization and trade, and exchange rates and international finance. An orientation module helps students refresh skills around modeling, graphing, and algebra for economic problem-solving.<\/p>\r\n\r\n
This course provides a strong foundation in microeconomic theory, whether preparing for further study in economics, the social sciences, business, or other disciplines. Designed to help students think like economists, course materials use engaging, real-world examples to explore how individuals and firms make economic choices. Key topics include supply and demand, elasticity, utility, production and costs, and an analysis of types of markets: perfect competition, monopoly, monopolistic competition, and oligopoly. Content coverage also includes public goods and externalities, labor markets, income distribution, globalization and trade, and exchange rates and international finance. An orientation module helps students refresh skills around modeling, graphing, and algebra for economic problem-solving.<\/p>\n
This course, based on OpenStax Principles of Economics<\/a>, includes additional noteworthy contributions by the Lumen Learning team and:<\/p>\n This new edition of Waymaker Microeconomics includes significant improvements and enhancements:<\/p>\n Several topics proved to be consistently difficult for the thousands of students who took a Waymaker Economics course during Fall 2017. We have made specific improvements to address these difficult topics, several of which are explained below:<\/p>\n Lumen Learning\u2019s mission is to enable unprecedented learning for all students.<\/p>\n We do this by using open educational resources (OER) to create well-designed and low-cost course materials that replace expensive textbooks. Because learning is about more than affordability and access, we also apply learning science insights and efficacy research to develop learning activities that are engineered to improve subject mastery, course completion and retention.<\/p>\n If you\u2019d like to connect with us to learn more about adopting this course, please\u00a0Contact Us<\/a>.<\/p>\n You can also make an appointment<\/a>\u00a0for OER Office Hours<\/a> to connect virtually with a live Lumen expert about any question you may have.<\/p>\n\n\t\t\t \n
What’s New?<\/h2>\n
Data-Driven Improvements<\/h3>\n
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General Improvements<\/h3>\n
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About Lumen<\/h2>\n
Candela Citations<\/h3>\n\t\t\t\t\t