Program Overview

Students will be enrolled in ECN 101: Introductory Microeconomics and earn three college credits in just two-weeks! This is a regularized undergraduate course delivered through classroom-based instruction and homework. The class may consist of both Summer College and undergraduate students.

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

The Economics program increased my knowledge of the subject matter tenfold. It really prepared me for my AP Econ this school year.  – Summer College Economics student, 2018

Program Objectives

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

Learn more about ECN 101: Introductory Microeconomics:

Program Dates & Details Eligibility Requirements Program Cost Program Requirements Typical Day Faculty Bio

Program Dates & Details

Session Dates

Session I: June 27 – July 10, 2020
Duration: 2-weeks


Credit: 3 credits
Grading System: A-F

Eligibility Requirements

Students must be a minimum of 15 years of age by the orientation and move-in date. For full Summer College admission requirements, view the Admissions Overview and Eligibility page.

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Program Cost

Program Cost:

  • Residential: $4,950
  • Commuter: $4,136

*Please visit our Program Costs page for more detailed information. Program rates are subject to change and will be approved by the board of trustees in March.  Discounts and scholarships are also available.

Program Requirements

Student Expectations

This is an academically rigorous, college-level program. Students are expected to complete nightly homework assignments and actively participate in group projects. Students are expected to attend all classes every day, arrive on time, and meet all academic obligations. Free time will vary as each program is unique, as is the subsequent workload.

Typical Day

Tentative Schedule

Students are typically in class from 1:00pm – 5:00pm, Monday – Friday.

When class is over, and on weekends, students can look forward to various Summer College trips and activities. Check out our Campus Activities page for more information!

Final Academic Obligation

Students are permitted to leave on Friday, July 10 upon the completion of the last class. If students have any questions regarding their final academic obligation, we encourage them to reach out to their instructor. Please refer to the Move-Out page for important information regarding the checkout process.

Faculty Bio

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, Elizabeth chose to remain at Syracuse, where she became a full-time teaching faculty member in the Department of Economics. In 2016, she 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.

Elizabeth views economics as an important component of a liberal arts education. With nearly 20 years teaching experience, Elizabeth 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.