Course Overview

Students will be enrolled in ECN 101: Introductory Microeconomics and earn three college credits.

This summer STEM course introduces students to the principles of microeconomics and how these principles can be applied to current issues facing individuals and society today. Students will examine the individual choices of households and firms and the coordination of these choices in markets, and even apply them to their own life. This course establishes the foundation of modern Western economic thought.

This course is open to Syracuse University undergrads.

All students who successfully complete the course will receive a Certificate of Completion and have the opportunity to request a Syracuse University credit transcript.

Course Topics

Gain a firm understanding of the principles of microeconomics. Topics include:

  • Introduction to Microeconomics: Scarcity, Opportunity Cost, Core Principles of Microeconomics
  • Science of Economics: Economic Modeling, Circular Flow Model, Production Possibilities Frontier
  • Gains from Trade: Specialization, Absolute Advantage, Comparative Advantage
  • Market Outcomes: Market Demand, Market Supply, Equilibrium
  • Market Elasticities: Price Elasticity of Demand, Price Elasticity of Supply, Income Elasticity, Cross-Price Elasticity
  • Measuring Efficiency: Consumer and Producer Surplus, Total Surplus, Defining Efficiency
  • Sources of Inefficiency: Price Controls, Taxes, Externalities, Public Goods
  • Costs of Production: Short-Run Production, Various Cost Measures, Long-Run Production
  • Market Structures: Competitive Markets, Monopolies, Oligopolies, Monopolistic Competition

Course Information

Course Prefix and Number: ECN 101

Format: Online

Eligibility: Students must be of rising high school junior, or senior status – or a 2022 high school graduate. 

Credit: 3 Credits

Grading: A-F

Cost: $2,985
Program rates are subject to change and will be approved by the board of trustees. Discounts and scholarships are also available.

Program Information

Summer College – Online: Explore college life before stepping foot on campus! High school students can enroll in a college-level course, pursue their academic interests, and meet likeminded students in daily virtual events and activities.

“The Economics program increased my knowledge of the subject matter tenfold. It really prepared me for my AP Econ this school year.”

— Summer College Microeconomics Student, 2019.

Course Dates and Details

ProgramCourse DatesSynchronous Class Time (Eastern Time)Credit/NoncreditStatus
Summer College – Online3-Week Session I: Tuesday, July 5 – Thursday, July 21, 2022TTh
7:30 – 8 p.m.
3 CreditsClosed
Class times subject to change.

Course Requirements

Technology Requirements

  • Laptop or desktop computer with a webcam and mouse
  • A space conducive to taking an online class (without distractions)
  • Reliable internet access

Required Supplies

Students should budget for required textbooks and supplies. A supply and textbook listing will be sent to students before the start of the program.

Typical Day

Tentative Schedule

Students will spend approximately 2 hours per day watching pre-recorded lecture videos. These videos will provide students with simple instruction, detailed examples and practice problems. While watching the videos, students will be expected to fill in student handouts and work on exercises and problems throughout. The online instruction is designed to offer students a similar experience to the in-person course.

Students will be expected to work on daily assignments to reinforce the concepts learned in the videos. Length of assignments vary – 1 to 1.5 hours daily

Live sessions will meet twice per week on Tuesdays and Thursdays for half-hour sessions. The sessions will provide students an opportunity to ask questions and review for the exams.

When class is over, and on weekends, students can look forward to various Summer College virtual activities to meet and connect with other students across the world. Check out our Virtual Campus Experience page for more information!

Faculty Bios

Elizabeth Ashby, Teaching Professor of Economics, Syracuse University

Elizabeth Ashby earned her Ph.D. in economics from Syracuse University in 2006. Upon completion of her doctoral studies, Ashby chose to stay at Syracuse, where she became a teaching faculty member in the Department of Economics. In 2016, Ashby received a Meredith Teaching Award for excellence in instruction and teaching innovation. In addition, she served as the Director of Undergraduate Studies in Economics from 2011 to 2015.

Ashby views economics as an important component of a liberal arts education. With nearly 20 years teaching experience, she has instructed many economics courses. However, it has been introductory economics that she has taught consistently for the past several years. Introducing students to the economic way of thinking is a passion for this dedicated professor.

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