Free Microeconomics Course

Gain a deeper understanding of how markets function with this free microeconomics course. Explore key economic principles, including supply and demand, market structures, price mechanisms, and government interventions. Learn how businesses and individuals make informed decisions to allocate scarce resources efficiently. Whether you're interested in personal finance, business strategy, or economic policy, this course equips you with essential knowledge for analyzing real-world economic challenges.

Course Overview:

This course introduces economic analysis of individual, business, and industry choices in the market economy. Topics include the price mechanism, supply and demand, optimizing economic behavior, costs and revenue, market structures, factor markets, income distribution, market failure, and government intervention. Upon completion, students should be able to identify and evaluate consumer and business alternatives in order to achieve economic objectives efficiently.

Meet Your Professor:

Michael Greene - Professor of Principles of Microeconomics

Michael holds a Bachelor’s degree in Finance from Middle Tennessee State University, an MBA from Charleston Southern University, and a Master’s in Healthcare Administration from Ohio University. He has experience in the senior living industry and corporate finance, including roles in operations and specialty lending at Wells Fargo. Feeling called to ministry, Michael transitioned from finance to full-time ministry and now develops the Business Enterprise curriculum at Christian Leaders Institute.

You will Learn and Grow in the Following Topics:

Understand that economics is about the allocation of scarce resources, that scarcity forces choice, trade-offs exist, and that every choice has an opportunity cost. Demonstrate these concepts using a production possibility frontier diagram.
Understand how comparative advantage provides the basis for gains through trade.
List the determinants of the demand and supply for a good in a competitive market and explain how that demand and supply together determine equilibrium price.
Understand the role of prices in allocating scarce resources in market economies and explain the consequences of price controls.
Define an externality and a public good and explain why the presence of externalities and public goods make markets inefficient. Analyze various government policies aimed at solving these inefficiencies.
Understand the costs of production and how profit-maximizing firms determine how much to produce. Be able to distinguish between long-run decisions and short-run decisions.
Distinguish between perfect competition and imperfect competition and be able to explain the welfare loss in non-competitive markets.

What Other Students Are Saying....

“This class has provided me with a deeper understanding of economic principles, such as supply and demand, market equilibrium, and the impact of government policies. This knowledge will help me make informed decisions in managing church resources and planning community outreach programs effectively. I appreciated the structured approach to complex economic concepts, making them accessible and understandable. The real-world examples and practical applications of microeconomic theories were particularly helpful in connecting the material to everyday situations.”

“In this course, I have learned how to personally analyze individual and market behavior, understand the role of prices in allocating resources, and evaluate the consequences of government interventions. The skills I have acquired will help me make solid decisions in my ministry calling, more especially in managing resources, and evaluating the impact of economic policies on my community. I really liked the clear explanations and examples used to illustrate the economic concepts. The materials were uniquely organized. I also enjoyed the opportunity to apply economic principles to real-world scenarios, making the learning experience more engaging and relevant to my personal growth in economics.”

“In this class, I have deepened my understanding of interpreting God’s Word, which is critical for my calling as a pastor and wedding minister. The focus on biblical principles and the methods for applying them in daily life will directly enhance my ability to communicate the gospel message effectively and minister to others in a meaningful way. This knowledge will allow me to provide spiritual guidance with more clarity and depth. I appreciated the comprehensive approach to biblical interpretation and the structured lessons that allowed me to engage with Scripture in a deeper way. The balance between theory and practical application was also a highlight, especially as it equips me with tools I can use in ministry contexts like weddings, funerals, and sermons. The class was clear, insightful, and easy to follow.”

Number of Students Who Have Completed This Course

Join over 900,000 enrolled CLI students online and take the next step in your spiritual formation.

Build Your Economic Knowledge with Our Free Microeconomics Course

Are you ready to understand how markets work and businesses make decisions? Our free microeconomics course equips you with essential skills to analyze consumer behavior, supply and demand, and market structures.

In this course, you’ll explore:

The principles of scarcity, trade-offs, and opportunity cost
How supply and demand determine market prices
The role of prices in resource allocation
Market structures and competition
Government policies, externalities, and market efficiency

This free microeconomics course is perfect for students, entrepreneurs, and ministry leaders looking to strengthen their economic understanding. Enroll today and expand your knowledge of market dynamics!