Microeconomics is the study of how businesses operate and the influence that economic decision making has on markets, industries, and competition. In this course, students will explore what it means to think on the margin and understand the key principles of economics, including supply and demand; the impact of cost, utility, and externalities on businesses and markets; the impact of government policies and taxing; different forms of markets; the roles of profit and elasticity and competition; wages and how production decisions are made; and the factors of production.


Course Information

Evaluate how to think on the margin, and determine the role of utility in economic decision making.

Bloom’s level 5

Engage in ethical inquiry, and develop effective communication skills through an analysis of market structures, pricing, and production decisions.

Bloom’s level 3

Examine the role of elasticity and externalities and their impact on markets and competition structures.

Bloom’s level 4

Compare and contrast different forms of competition and theories of how markets operate.

Bloom’s level 2

Engage in economic decision making, factoring in the role of the government, the impact of taxes, and the impact of production cost.

Bloom’s level 3

Examine and dissect complex cause and effect relationships between ideas and events to develop a complete understanding of the narrative of history and demonstrate the impact that accidents and irrational behavior and events have on history.

Bloom’s level 3

Examine and dissect the complex cause and effect relationship between supply and demand.

Bloom’s level 4

Evaluate another person’s work using performance criteria.

Bloom’s level 5

Evaluate a scenario and identify the best answer, and engage with others to explain your rationale.

Bloom’s level 5

Course Outline

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How Our Syllabus Stacks Up (Syllabus Equivalency)

Syllabi for equivalent courses from four other institutions were reviewed. The following table represents the coverage of rigor in terms of number of assessments and content in a TEL course as it relates to other similar courses.



Regional Community College

4 Year Private University

4 Year Public Research University #1

4 Year Public Research University #2

 Lesson   Quizzes


 Module   Quizzes


Writing/Open-ended Assignments

3Optional Homework Assignments
1 Optional Case Study


24251 Exams


2 Discussions
 Class Participation  

Lesson Features

Each of our lessons is designed as self-contained learning environment that provides all the context, explanation, and resources you need to learn about a specific topic. We give you the information you need in a format that helps you apply it in your daily life.


Knowing why a topic matters and how it applies to your experience is an important part of learning anything. That’s why we make sure you have the proper context for the information we give you.

Video Overview

Every TEL Library lesson features a video overview of the information being presented. Our videos provide helpful text callouts and a downloadable transcript.


We provide two different readings that elaborate information related to the lesson topic. The first gives you essential, objective information while the second offers a deeper look at a specific sub-topic or a view of different perspectives.

Check Your Knowledge

Developing a clear understanding of a topic generally requires that you spend time reflecting on the meaning or impact of its concepts and information. We facilitate this reflection with polls designed to help you create connections to the topic.



It’s easy to get tripped up on unfamiliar terms when you’re trying to learn something new. We’ve developed in-line glossary definitions of key terms to help make lessons easier to read and understand.

Toolbox Resources

We know that our lessons are simply a starting point for many learners. That’s why we provide a toolbox with related web resources for each lesson so that you can continue your learning journey on a specific topic.



For Higher Ed

TEL Education courses provide a high-quality, scalable solution for launching collegiate academy programs, enhancing existing dual-credit initiatives, or addressing the need for online general education courses for non-campus students.

For High School

TEL Education works with its Higher Ed partners to deliver online courses for college credit to high schools at affordable prices and in a variety of models. Contact us to learn how you can get started quickly with a branded collegiate academy program for your students.

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