About the Course

Fundamentals of Microeconomics

  • Grades 7-11
  • Advanced CTY-Level
  • Residential
  • Mathematics

How much are you willing to pay for ice cream on a hot summer day? Who is responsible for the cost of pollution? Is there such a thing as a perfectly competitive market? Microeconomics provides insights into these questions as it examines how individual buyers and sellers make decisions about allocating limited resources. This course analyzes microeconomic theory and considers it in the context of today’s economic climate. You’ll begin by studying the fundamental concepts of supply and demand curves, price elasticities, market structure, public goods, and externalities. Then you and your classmates will build on this foundation to explore topics like competition, consumer choice, monopoly, oligopoly, and the role of government in promoting greater efficiency and equity. By applying mathematical concepts and critical analysis to economic theory, you’ll uncover how economists analyze and predict behavior of consumers and producers, and leave the course with a foundation of central topics in microeconomics and practical economic issues that affect us all.

Typical Class Size: 16

Course Overview

Summer Dates & Locations

Registration deadline:

After May 31, 2024, registration is available upon request pending eligibility and seat availability. To request placement, email [email protected] after submitting a program application.

Session One

The Johns Hopkins University
Residential cost: $6,819
Commuter cost: $5,999
Session in Progress
Skidmore College
Saratoga Springs, New York
Residential cost: $6,599
Commuter cost: $5,799

Session Two

The Johns Hopkins University
Residential cost: $6,819
Commuter cost: $5,999
Skidmore College
Saratoga Springs, New York
Residential cost: $6,599
Commuter cost: $5,799

Testing and Prerequisites

  Math Verbal
Required Level Advanced CTY-Level or Advanced CTY-Level
Check your eligibility using existing test scores If you do not have existing test scores:

Students must achieve qualifying scores on an advanced assessment to be eligible for CTY programs. If you don’t have qualifying scores, you have several different testing options. We’ll help you find the right option for your situation.

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Course Prerequisites

Fundamentals of Microeconomics requires:

1 prerequisite

Algebra 1

Cost and Financial Aid

  • Tuition
    • Varies
  • Application fee
    • Nonrefundable Application Fee - $50 (Waived for financial aid applicants)
    • Nonrefundable International Fee - $250 (outside US only)

Financial Aid

We have concluded our financial aid application review process for 2024 On-Campus Programs. We encourage those who may need assistance in the future to apply for aid as early as possible.

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Course Materials

Students should bring basic school supplies like pens, notebooks, and folders to their summer program. You will be notified of any additional items needed before the course begins. All other materials will be provided by CTY.

Sample Reading

These titles have been featured in past sessions of the course, and may be included this summer. CTY provides students with all texts; no purchase is required.

  • Principles of Microeconomics, N. Gregory Mankiw

About Mathematics at CTY

Explore the study of shapes

Many of our courses allow students to describe the world around them in basic and profound ways. Our younger students learn about shape, scale, and proportion in Geometry and Spatial Sense. Middle School students explore beautiful real-world applications of lines; analyze data based on curves that fit a uniform, symmetric and bell-shaped, or skewed pattern in Data and Chance. And advanced students explore the underlying mathematics and fundamental characteristics of shapes, distance, and continuous deformations in our proof-based Topology course.

Dive deep into logic and reasoning

Our courses in formal logic give you the tools to question the world around you. Inductive and Deductive Reasoning introduces younger students to different types of reasoning, as well as the strengths and weaknesses inherent in various forms of critical analysis. Older students explore how logical reasoning can explain (or fail to explain) counter-intuitive results in Paradoxes and Infinities, or take a more rigorous approach to formal logic in Mathematical Logic.

Meet our instructors and staff