Microeconomics

Advanced Microeconomics

$249.00

Teen Focus 12+

Advanced Microeconomics is a high school level course, adapted from college-level materials with a focus on using real-world examples economic decision-making and problem solving to demonstrate how economics affects the lives of real people (including our students!).

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Advanced Microeconomics is a high school level course, adapted from college-level materials with a focus on using real-world examples economic decision-making and problem solving to demonstrate how economics affects the lives of real people (including our students!).

Microeconomics, a semester-long course, focuses on five foundational concepts that drive economics decision-making: incentives, trade-offs, opportunity cost, marginal thinking, and trade-created value. Webinars and exercises will emphasize working economic problems and coming to a decision in cases and examples that are relevant to them, like cell phones, social networking, computing devices or online book sellers (often relying on appropriate maths).

Major topics of Advanced Microeconomics:

  • Five Principles of Economics
  • The Role of Markets
  • The Theory of the Firm
  • Labor Markets and Earnings
  • Consumer Choice
  • Behavioral Economics and Risk Taking
  • Much more!

This is a 16-week class for teens working at an advanced high school level. Weekly webinars are 50 minutes long. Recordings are available for students who must miss a session.

Link to Required Book:

This textbook is the latest revision of a text currently in use at respected universities across America. We have selected this particular edition for its inclusion of the new online study technology, InQuizitive. Please be very careful to acquire the 2017 one-volume edition ISBN 978-0-393-61408-4 with InQuizitive registration card so that your student will be able to fully participate in all aspects of the course (or equivalent e-book edition). We strongly recommend ordering directly from Norton to ensure you get the correct edition.

Topics Covered

Five Foundations of Economics
Model Building and Gains from Trade
The Market at Work: Supply and Demand
Elasticity
Market Outcomes and Tax Incidence
Price Controls
Market Inefficiencies: Externalities and Public Goods
Business Costs and Production
Firms in a Competitive Market
Understanding Monopoly
Price Discrimination
Monopolistic Competition and Advertising
Oligopoly and Strategic Behavior
The Demand and Supply of Resources
Income, Inequality, and Poverty
Consumer Choice
Behavioral Economics and Risk Taking
Health Insurance and Health Care
International Trade

Challenge Level

Aimed at students ready for work appropriate to grades 11 through 12. This is an upper high school course open to students ages 12 and up who are prepared to encounter and discuss challenging business and economics topics at an accelerated pace.

Time Commitment

Most students report spending approximately 3-4 hours per week on homework outside of the webinar.

Instructor

Headmaster Galahad

Reading List

Principles of Microeconomics – Second Edition

Usually Offered

Spring Semester

Prerequisites

Prerequisites: Students must be prepared to read and analyze challenging material at an upper high school level and should possess basic mathematics and graphing skills. Students must also be able to write multi-paragraph texts independently and participate actively in written discussion forums and webinars.

Available Sessions

Spring 2019 Monday 11am Pacific