Microeconomics


Microeconomics focuses on the individual actions of sellers (producers) and buyers (consumers) and how those actions have consequences for the availability, distribution, and utilization of scarce resources.

An understanding of microeconomics explains decisions at the organizational level — businesses, companies, and nonprofit entities.

Leveraging the foundational principles of microeconomics is essential for designing strategy, particularly in the sales and marketing functions.

This module examines the areas of consumer choice, supply and demand, market elasticity, and production and costs.

Module Length: 3-5 Learner Hours

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Academic Leveling

The Microeconomics module is one of 16 online modules that span the entire business curriculum and serve as a bridge between undergraduate and graduate business education.

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Pre and Post Tests

This module includes a pre-test and post-test. The pre-test provides learners with an idea of their relative knowledge in the subject, and the post-test is used to ensure learners have grasped the concepts needed for success.

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Peregrine provides higher education professionals with Client Admin access for this module which is used to track learner progress and generate both individual and summative reports.

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Microeconomics Learning Outcomes


Throughout this module, learners can expect to meet the following learning outcomes:

+ Define scarcity and choice and how they are linked.
+ Discuss the reasons why people make trade-offs.
+ Define opportunity cost and incentives, and how they may impact consumer decision making.
+ Describe the role of supply and demand in economics.
+ Explain the concept of elasticity in its various forms.

  • Microeconomics Syllabus

    This document is the syllabus for the Microeconomics module. The syllabus lists the instructional topics, learning outcomes, and organization for the module.

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+ Integrate in a course or program on business administration or management.
+ Academic leveling for learners who may not have adequate preparation for advanced studies.
+ Professional development for continuing education or refresher of skills.
+ Develop skill sets of working professionals.

  • Academic Leveling Solutions –  module Topics and Outcomes

    This report provides details concerning the topics, subjects, and learning outcomes for the modules used for academic leveling.

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  • Microeconomics Module Description

    This document provides a description of the Microeconomics module.

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  • Leading Edge Learning Brochure

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+ Course Pack Plus is a combination of individual modules up to 135 learner hours.

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You can easily purchase access to this resource online. Just click the “Purchase” button below to get started. When you purchase a module, you will be able to:
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+ Get unlimited access to module content for 2 years after purchase date.
+ Receive certificate of Completion available upon module completion.

Price: $49

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