Principles of Microeconomics
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The Principles of Microeconomics examination covers material that is
usually taught in a one-semester undergraduate course in introductory
microeconomics, including economic principles that apply to the
behavioral analysis of individual consumers and businesses. You will
be required to apply analytical techniques to hypothetical as well as
real-world situations and to analyze and evaluate economic decisions.
You're expected to demonstrate an understanding of how free markets
work and allocate resources efficiently, how individual consumers make
economic decisions to maximize utility, and how individual firms make
decisions to maximize profits. You must be able to identify the
characteristics of the different market structures and analyze the
behavior of firms in terms of price and output decisions. You should
also be able to evaluate the outcome in each market structure with
respect to economic efficiency, identify cases in which private
markets fail to allocate resources efficiently, and explain how
government intervention fixes or fails to fix the resource allocation
problem. It is also important to understand the determination of wages
and other input prices in factor markets, and be able to analyze and
evaluate the distribution of income.

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MOOCs and online courses to prepare for the Exam

There are courses from independent organizations to prepare for this exam.

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The purpose of this course is to provide you with a basic understanding of the principles of microeconomics.  At its core, the st…

Principles of Microeconomics belongs to the CLEP® PREP suite of Saylor courses. This version of ECON101 will help you master the…

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The purpose of this course is to provide you with a basic understanding of the principles of microeconomics.  At its core, the st…

Economics is traditionally divided into two parts: microeconomics and macroeconomics. The main purpose of this course is to introd…

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Economics is traditionally divided into two parts: microeconomics and macroeconomics.  The purpose of this course is to provide y…

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This course is designed to introduce students to basic microeconomic theory at a relatively rapid pace without the use of complica…

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Topics covered in a traditional college level introductory microeconomics course. Production Possibilities Frontier. Opportunity C…

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Why is Coursera offering this course free of charge? Why is the divorce rate so high? Why do we have so much pollution? Would lega…

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This introductory course teaches the fundamentals of microeconomics. Topics include consumer theory, producer theory, the behavior…

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14.01 Principles of Microeconomics is an introductory undergraduate course that teaches the fundamentals of microeconomics. This c…

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Learn how markets work, what they accomplish well and what their limitations are.



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