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  • OH.OSS.0004.Core.3
Principles of Microeconomics Course Content
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The Principles of Microeconomics course was developed through the Ohio Department of Higher Education OER Innovation Grant. This work was completed and the course was posted in November 2019. The course is part of the Ohio Transfer Assurance Guides and is also named OSS004. For more information about credit transfer between Ohio colleges and universities, please visit: www.ohiohighered.org/transfer.Content ContributorsKen Fah                                             Ohio Dominican UniversityJohn Fiske                                         Ohio Dominican UniversityJoe Nowakowski                                Muskingum UniversityLibrarianNathan Wolfe                                     Kenyon CollegeReview TeamMolly Cooper                                     Ohio State University Subbu Kumarappan                          Ohio State University ATI 

Subject:
Social Science
Economics
Material Type:
Full Course
Provider:
Ohio Open Ed Collaborative
Date Added:
01/09/2019
Principles of Microeconomics Course Content, Consumer Behavior, Consumer Behavior Resources
Conditions of Use:
Remix and Share
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This lesson discusses why and how consumers make certain choices.  Based on standard neoclassical theory, students are introduced to the concept of utility, budget constraints, and indifference curves.  Given market prices and utility information, students will understand the implicit thought processes that lead to total utility maximization.  In cases when individual behaviors do not adhere to the predictions of standard economic theory, the lesson employs behavioral economics to explain how and when consumer choices might be different under certain conditions including limited information, psychological pricing, bounded rationality, nudges, and loss aversion. 

Subject:
Economics
Material Type:
Module
Provider:
Ohio Open Ed Collaborative
Date Added:
08/09/2019
Principles of Microeconomics Course Content, Introduction to the Economic Way of Thinking, Introduction to the Economic Way of Thinking Resources
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In this opening topic, students will be introduced to the fundamentals of economics including some important concepts and terms that they’ll use throughout the course. They’ll begin by learning about the basic problem in economics and how that problem is solved under different economic systems, including the market system. They’ll also be introduced to the idea of an economic model.     

Subject:
Economics
Material Type:
Module
Provider:
Ohio Open Ed Collaborative
Date Added:
09/05/2019
Principles of Microeconomics Course Content, Market Failure: Externalities and Public Goods, Market Failure: Externalities and Public Goods Resources
Conditions of Use:
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In this topic, students will be introduced to the concept of market failure and learn about its two prime examples, the presence of externalities and the provision of public goods. The concept of externalities will be explained through the use of examples such as environmental protection and technological innovation. The resources identified below also include a brief coverage of market efficiency, which would usually be covered elsewhere, if the instructor wishes to review.     

Subject:
Economics
Material Type:
Module
Provider:
Ohio Open Ed Collaborative
Date Added:
10/16/2019
Principles of Microeconomics Course Content, Model Building, Production Possibilities and Gains from Trade, Model Building, Production Possibilities and Gains from Trade Resources
Conditions of Use:
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This topic introduces key concepts that form the foundation of much of microeconomic analysis. The material ranges from a discussion of model-building as a way to simplify complex relationships among economic variables to definitions and descriptions of key concepts such as scarcity, efficiency and inefficiency, opportunity cost, comparative advantage and the gains from trade.

Subject:
Economics
Material Type:
Module
Provider:
Ohio Open Ed Collaborative
Date Added:
10/16/2019
Principles of Microeconomics Course Content, Public Finance and Public Choice, Public Finance and Public Choice
Conditions of Use:
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An analysis of how the private and public sectors interact, the role of taxes and how the decisions regarding their disposition are made, as well as the role of special interests and voting procedures. 

Subject:
Economics
Material Type:
Module
Provider:
Ohio Open Ed Collaborative
Date Added:
10/15/2019
Principles of Microeconomics Course Content, The Economics of Healthcare, The Economics of Healthcare Resources
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This topic presents an introduction to the economics of US healthcare, with a focus on the major players including consumers, providers, private insurance, and government.  It covers the challenges and opportunities for the US healthcare system including quality, costs, and access.  An application of supply and demand analysis to healthcare markets is discussed.  It compares U.S. health outcomes to those of other countries.  Students are introduced to various data sources on US and global healthcare.  

Subject:
Economics
Material Type:
Module
Provider:
Ohio Open Ed Collaborative
Date Added:
08/09/2019