IMPORTANT: Students are only able to enroll in one online course per semester at the Umbra Institute. A University of Mississippi transcript will be provided as part of the cost and more information can be found clicking here.
It is the responsibility of the student to ensure that credit will be offered at their home university for this course.
This online course offered by the University of Mississippi in cooperation with the Umbra Institute and is designed to provide an introductory overview of microeconomics. Note: This course carries a supplemental program fee.
Included in this course are such topics as economic decision making by the household, and by business firms under varying degrees of competition. The study tends to be market-oriented because its focus is upon the operation of free enterprise market economies of the type found in the United States and other modern economies. While the private domestic economy made up of households and business firms is the focal point of the study, the role of governmental finance and spending and the global economy are also integral parts of the course.
Course Objectives (include but are not limited to):
receive a general introduction to the American enterprise economy
analyze decision making by both consumers and producers and to the role of price in formulating economic decisions
understand the role of price in formulating economic decisions
become familiar with several models of market structure
introduce the operation of resource markets, which determine both the allocation of resources and the distribution of income
For detailed information and syllabus please visit:
Principles of Economics by Mankiw, 7th Edition ISBN-13: 978-1-285-16587-5
Principles of Microeconomics by Mankiw, 7th Edition ISBN: 978-1-285-16590-5
Earlier editions acceptable!
NOTE: whatever version of the Mankiw text you use, be sure to check the chapter titles–the chapter numbers may be different but the titles will align with the lessons.