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Microeconomics

Microeconomics

Sophia's Microeconomics course helps you thoroughly understand the principles of economics related to the behavior of individuals and firms in making decisions on the allocation of resources. You will learn the role of government in promoting greater efficiency and equity in the economy and how to evaluate decisions with an economic lens. Full Description

  • Guaranteed Credit Transfer to Wilmington University
  • 3 semester credits at Wilmington University
  • Wilmington University Equivalency: ECO 102: Economics 2

Category: Social Science

Take this 3-Credit College Course FREE!*
* For real. No strings attached. This college course is 100% free and is worth 3 semester credits.

Benefits


Guaranteed to transfer to Wilmington University.

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Description

Microeconomics

Course Description
Sophia's Microeconomics course helps you thoroughly understand the principles of economics related to the behavior of individuals and firms in making decisions on the allocation of resources. You will learn the role of government in promoting greater efficiency and equity in the economy and how to evaluate decisions with an economic lens.

Assessments & Grading

This is a pass/fail course. You must complete 9 Challenge assessments (these are like quizzes) and 4 Milestone assessments (these are like tests) with an overall score of 70% or better.

Learning Outcomes

At the end of the course, you'll be able to:

  • Describe economics
  • Examine the consumer
  • Analyze the firm
  • Interpret market interactions: consumer and firm

Sophia's Many Ways™
This course provides you access to Sophia's Many Ways™ learning model. This model provides you with various instructional styles for each learning objective. With this unique model, you can find a method that appeals to your individual learning preference.

Reviews

Rating
305 Student Reviews
Rating
by Anthony F. on May 24, 2020
Excellent and informative course that can be knocked out in no time with commitment! Pay attention to the mathematical applications and some of the complex theories, but overall this is a highly educative course!
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by Jona F. on May 24, 2020
The layout and flow between each section was nowhere near as well put together as the structure and flow of the first course (Psychology) I took through Sophia. All in all, it was still a good course.
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by Anthony B. on May 23, 2020
Excellent course that requires you to carefully read your questions and answers while using critical thinking!
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by Scott B. on May 23, 2020
Good course overall. Really pay attention(take notes, stop, pause videos) on Unit 2 as this is where it starts to rev up the complexity. The teacher in the video does a good at explaining concepts. Shorter as far as how many units, but again, take notes, and review videos multiple times.
Rating
by Adrian P. on May 23, 2020
Very tough class!!!! Your mental capacity will be tested. However, the challenge was accepted and I was able to knock the class out. Please take your time to read the information and practice practice practice with the formulas to make sure you understand how to get the answers....
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by Jessica A. on May 23, 2020
Kate's tutorials were great!!
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by Cynthia X. on May 23, 2020
This class was pretty hard. If you're up for a challenge, this is for you.
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by DONGJIU Y. on May 22, 2020
It is concise and repetitive, good for memory.

FAQ

  • Q: What does "Try it for Free" mean?

    A: The Free Trial allows you to access the course of your choice, or multiple courses. It gives you access to the first unit ("Challenge 1") in the course. This will let you meet the course instructors, sample the instructional content, and answer a set of assessment questions in the Challenge. You can also read the Student Guide and watch an Orientation Video to learn more about the course format, requirements, and resources.

    Any work you complete in the Free Trial is saved, so if you decide to register, you do not need to repeat it. Of course, we also let you reset it and start over if you wish.

  • Q: Does Sophia accept third-party payment for tuition, such as financial aid or military benefits?

    A: Sophia courses are not eligible for most third party payment methods. Course tuition is paid by the student, using a credit or debit card. Tuition is due at the time of course registration. Sophia offers a payment plan option for course tuition.

  • Q: When do the courses start and how long do I have to complete a course?

    A: You choose your own course start date and have 60 days from your chosen start date to complete each course. Sophia courses are self-paced, so many students complete a course in less than 60 days.

  • Q: Where do I get the textbooks for my course?

    A: You do not need any textbooks for Sophia courses. All material is taught by video and text-based tutorials that are in the courseroom, and are included in the course tuition.

  • Q: How am I graded in the course?

    A: Sophia courses are graded on a pass/fail basis, with 70% overall required to pass the course. Your score is based upon points earned in the formative assessments ("Challenges"), summative assessments ("Milestones"), and if applicable, the authentic assessments ("Touchstones"). Currently, our Foundations of English Composition, English Composition I, and Public Speaking courses contain Touchstones.

  • Q: How do I know which courses I should take?

    A: Consult with your academic adviser at your university to determine specifically which Sophia courses could fit into your program. You can download the course syllabus directly from our site to share with your school advisor.

  • Q: Are the tests proctored?

    A: Sophia courses utilize keyboard biometrics as an alternative to proctoring. No webcam is needed for a Sophia course.

  • Q: I'm taking a course where I have to submit Touchstones. How long does it take for my Touchstone to be graded once it's submitted?

    A: We provide our faculty graders with up to 7 business days to grade a Touchstone. The actual time may vary based on volume and grader capacity.