LAC: ECN212 Microeconomic Principles: Decision-making under Scarcity

Microeconomic Principles: Decision-making under Scarcity LAC

In this online microeconomics course, you will explore how the economic decisions made by the people around you affect the cost of goods and even how much you are paid by your employer.

About Microeconomic Principles: Decision-making under Scarcity:

This course introduces you to microeconomics, the field of economics that studies decision-making behaviors of consumers and firms when scarcity constrain their choices. The constrained decision-making principle is a major building block of modern economics and is the central concept around which this course is built.

This course will help you understand decisions that are made in the face of constraints, such as the everyday transactions you make in the marketplace. As a consumer, you must consider your overall income when making a purchase, but business managers must take into account the presence of competitors in the marketplace when deciding on the price to charge you for a product.

Note: This course is not hosted on the Starbucks Global Academy platform. After enrolling, the course content will direct you on how to complete registration for this content. Check the ASU Earned Admissions website for course availability.

Meet your instructor:

Fernando Leiva Bertran

Faculty, Economics Department
Arizona State University

Cara McDaniel

Faculty, Economics Department
Arizona State University

Jose Mendez

Faculty, Economics Department
Arizona State University