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Course Description
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Course Name
Introductory Microeconomics
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Host University
University of Stirling
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Location
Stirling, Scotland
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Area of Study
Economics
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Language Level
Taught In English
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Course Level Recommendations
Lower
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
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SCQF Credits
20 -
Recommended U.S. Semester Credits5
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Recommended U.S. Quarter Units7
Hours & Credits
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Overview
The economic problem of scarcity; the concept of opportunity cost; the production possibility frontier; howprices are determined by supply and demand; the concept of market equilibrium; the causes and effects ofchanges in supply and demand; the elasticities of supply and demand; government intervention in markets;the different categories of costs; the short-run pricing and output decisions of firms in perfect competition,monopolistic competition and monopoly; labour markets and the reasons why wage rates vary for differenttypes of occupation; the distribution of income; the theory of comparative advantage.
Course Disclaimer
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Some courses may require additional fees.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.