Pearson

Principles of Microeconomics Specialization

Pearson

Principles of Microeconomics Specialization

Microeconomics Principles And Market Analysis.

Analyze Markets, Consumer Behavior, And Economic Decision Making

Pearson

Instructor: Pearson

Access provided by Bayero University - Kano

Get in-depth knowledge of a subject
Beginner level

Recommended experience

4 weeks to complete
at 10 hours a week
Flexible schedule
Learn at your own pace
Get in-depth knowledge of a subject
Beginner level

Recommended experience

4 weeks to complete
at 10 hours a week
Flexible schedule
Learn at your own pace

What you'll learn

  • Apply the economic way of thinking to analyze how scarcity influences the decisions of individuals, firms, and markets.

  • Evaluate how market structures and government policies impact market efficiency, resource allocation, and fairness.

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Taught in English
Recently updated!

July 2026

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Specialization - 8 course series

Introduction to Economic Concepts

Introduction to Economic Concepts

Course 1, 5 hours

What you'll learn

  • Explain the fundamental questions and core principles that define the economic way of thinking.

  • Apply principles of scarcity, opportunity cost, and trade to analyze economic decision-making and the potential for growth.

Skills you'll gain

Category: Resource Allocation
Category: Economics
Category: Entrepreneurship
Category: Resource Utilization
Category: Production Process
Category: Economic Development
Category: Economics, Policy, and Social Studies
Category: Operational Efficiency
Supply and Demand

Supply and Demand

Course 2, 4 hours

What you'll learn

  • Analyze how supply and demand interact to determine market equilibrium.

  • Apply elasticity concepts to evaluate the responsiveness of supply and demand to market changes.

Skills you'll gain

Category: Supply And Demand
Category: Economics
Category: Consumer Behaviour
Category: Production Process
Category: Market Analysis
Category: Market Dynamics
Category: Revenue Management
Category: Demand Planning
Economic Efficiency and Its Obstacles

Economic Efficiency and Its Obstacles

Course 3, 5 hours

What you'll learn

  • Evaluate the efficiency and fairness of market outcomes and different methods for allocating scarce resources.

  • Analyze the effects of government interventions, such as taxes and price controls, on market efficiency and equity.

Skills you'll gain

Category: Resource Allocation
Category: Economics
Category: Supply And Demand
Category: Market Analysis
Category: Market Dynamics
Category: Tax Laws
Category: Sales Tax
Category: Social Justice
Category: Policy Analysis
Category: Tax
Category: Economics, Policy, and Social Studies
Category: Payroll Tax
International Trade, Public Goods, and Externalities

International Trade, Public Goods, and Externalities

Course 4, 5 hours

What you'll learn

  • Analyze the economic impact of global trade and the effects of trade restrictions on market participants.

  • Evaluate market failures, including public goods and externalities, and the role of government in promoting efficient outcomes.

Skills you'll gain

Category: Supply And Demand
Category: Market Dynamics
Category: Resource Allocation
Category: Resource Management
Category: Public Policies
Category: Economics
Category: Environmental Resource Management
Category: Cost Benefit Analysis
Category: International Relations
Category: Socioeconomics
Category: Environment and Resource Management
Category: Tax
Category: Policy Analysis
Category: Social Impact
Category: Natural Resource Management
Category: Market Analysis
Category: Economics, Policy, and Social Studies
Category: Environmental Issue
Category: Environmental Policy
Consumer Choice

Consumer Choice

Course 5, 4 hours

What you'll learn

  • Analyze consumer choices and demand by applying marginal utility theory and indifference curves.

  • Evaluate a firm's short-run and long-run costs to explain its production and profit-maximizing decisions.

Skills you'll gain

Category: Economics
Category: Consumer Behaviour
Category: Cost Accounting
Category: Business Economics
Category: Profit and Loss (P&L) Management
Category: Production Process
Category: Operational Efficiency
Category: Operating Cost
Category: Resource Allocation
Category: Revenue Management
Category: Supply And Demand
Perfect Competition & Monopoly

Perfect Competition & Monopoly

Course 6, 4 hours

What you'll learn

  • Analyze how price, output, and profit are determined in perfectly competitive markets in the short and long run.

  • Evaluate a monopoly's pricing strategies, output decisions, and the impacts of regulation and price discrimination.

Skills you'll gain

Category: Operating Cost
Category: Operational Efficiency
Category: Economics
Category: Financial Regulation
Category: Supply And Demand
Category: Market Dynamics
Category: Policy Analysis
Category: Revenue Management
Category: Cost Benefit Analysis
Category: Decision Making
Category: Competitive Analysis
Category: Business Strategy
Category: Market Analysis
Category: Profit and Loss (P&L) Management
Category: Business Economics
Category: Regulatory Compliance
Monopolistic Competition & Oligopoly

Monopolistic Competition & Oligopoly

Course 7, 4 hours

What you'll learn

  • Analyze the profit-maximizing decisions and strategic interactions of firms in monopolistic competition and oligopoly.

Skills you'll gain

Category: Strategic Thinking
Category: Competitive Analysis
Category: Advertising
Category: Business Strategy
Category: Business Economics
Category: Economics
Category: Market Dynamics
Category: Market Analysis
Category: Strategic Decision-Making
Category: Consumer Behaviour
Category: Marketing
Category: Supply And Demand
Category: Branding
Category: Game Theory
The Labor Market & Inequality

The Labor Market & Inequality

Course 8, 4 hours

What you'll learn

  • Analyze how supply and demand in factor markets determine resource prices and employment levels.

  • Evaluate the causes of economic inequality and the government policies used to redistribute income.

Skills you'll gain

Category: Socioeconomics
Category: Market Dynamics
Category: Workforce Development
Category: Training Programs
Category: Compensation Management
Category: Policy Analysis
Category: Economics, Policy, and Social Studies
Category: Compensation Analysis
Category: Labor Relations
Category: Financial Policy
Category: Supply And Demand
Category: Social Justice
Category: Public Policies
Category: Economics
Category: Return On Investment

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