Created By
Kimberley C
10 HOURS
10 LESSONS
Microeconomics is a field study of how individuals and firms make consumption and production decisions, respectively, and how these decisions determine the allocation of scarce resources in a market. This course is designed to help students understand the basics of microeconomics. Students on this course will develop their understanding of the technical aspects of microeconomics such as opportunity cost, the elasticity of supply and demand, utility theory, market power and market failure. Furthermore, this course will give students a solid foundation which they can use to progress to higher-level studies in microeconomics. The course is designed to provide an AS-Level coverage of microeconomics and give you the ability to use the knowledge gained on this course in everyday circumstances.
10 LESSONS
10 HOURS Total Length
Lesson 1
How Do Markets Work?
60 minutes
Lesson 2
Elasticity of Demand and Supply
60 minutes
Lesson 3
Market Failure
60 minutes
Lesson 4
Opportunity Cost
60 minutes
Lesson 5
Production Possibility Frontier
60 minutes
Lesson 6
Negative and Positive Externalities
60 minutes
Lesson 7
Utility Theory
60 minutes
Lesson 8
Specialization and Trade
60 minutes
Lesson 9
Labour Market Economics
60 minutes
Lesson 10
Inequality of Wealth and Income
60 minutes
Numerical Proficiency
Business Acumen
Critical Thinking
Commercial Awareness
Kimberley C
Science, Maths and Economics Educator
Alongside working towards her corporate finance exams, Kimberley teaches students in biology, physics, maths and economics to help them work toward their GCSEs and IB exams.
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