Microeconomics

Summer 2015 Online

Welcome to the world of microeconomics!

The social science field that we call economics (which includes macroeconomics and microeconomics) is included in the business curriculum, but it is really a study of life where we can explore how and why people make decisions in an environment of uncertainty and scarcity. What you have for breakfast, how you spend your time and money, and even whether or not you complete your assignments are all decisions that employ microeconomic thinking. Understanding these concepts should help you in both your personal and professional lives and make you a better citizen. We will approach the study from a Christian worldview, reconciled to the precepts we see in God’s Word.


As your instructor, I am invested in your success and will work as hard as I can to provide the environment where you can best learn. I have taught this course many times (online and face-to-face), and spent twenty-five years as an industry executive, putting microeconomic principles into practice. There are a number of factors that I have found to be critical for students to be successful, some because of the nature of the field of economics, others due to the realities of an online course. I encourage you to consider them seriously, as you approach the class.


  • Some students approach online courses and summer courses with an expectation that they are somehow easier than traditional, face-to-face courses taken during a regular semester. This is not true! Because the same amount of material must be covered for the course to count toward your degree, the work requires a more intense, self-disciplined approach. However, the class has been structured to facilitate student success for those who apply themselves well.
  • Procrastination seldom works, and never in the online environment. Begin early in the week and spread your academic endeavors throughout the assignment period.
  • Expectations regarding time investment for the various course activities are detailed in the syllabus. Make sure that you are investing the requisite time to gain the knowledge and experience offered.
  • The nature of an online course requires a change in the type of interaction between student and instructor, but it does not eliminate the need or benefit for frequent communications. While our discussions may be asynchronous, they are as important (or more so) than in a traditional course. If you have questions, use the Moodle portal provided for each week to convey them to me.


This is one of my favorite courses to teach, primarily because we can see economic theory played out in the real world headlines of each day’s news stories. I’m looking forward to exploring the course material with you over the coming seven weeks. Before we get started on the Week 1 assignments, take time to thoroughly review the course syllabus and raise any initial questions. Once you have done so, introduce yourself to the class in the Introductions Forum and start your engines!


Praying for God’s provident blessings in your life,


Dr. Snodgrass