Course Overview
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.
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: On Campus (at Syracuse University)
Eligibility: Students must be of rising high school junior or senior status – or a 2024 high school graduate.
Credit: 3 Credits
Grading: A-F
Cost:
- Residential: $4,695
- Commuter: $3,766
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 – On Campus: Experience what college is really like: take a college-level course, live in a residence hall, have meals with friends in a dining hall, and participate in activities and events on campus.
“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
| Program | Course Dates | Synchronous Class Time (Eastern Time) | Credit/Noncredit | Status |
|---|---|---|---|---|
| Summer College – On Campus | 2-Week Session II: Monday, July 22 – Friday, Aug. 2, 2024 | MTWThF; 9 a.m. – 1 p.m. | 3 Credits | Open |
Required Materials
Required Textbook – TBD
Typical Day
Tentative Schedule
Classes will be held every weekday from 9 a.m. to 1 p.m., with a 20 minute break at 11 a.m. In addition, office hours with the TA and instructor will be available after class.
When class is over, and on weekends, students can look forward to various Summer College – On Campus activities to meet and connect with other students! Check out our On Campus Experience page for more information!