Microeconomics The Power of Markets
We make economics decisions every day: what to buy, whether to work or play, what to study. We respond to markets all the time: prices influence our decisions, markets signal where to put effort, they direct firms to produce certain goods over others. Economics is all around us. This course is an introduction to the microeconomic theory of markets: why we have them, how they work, what they accomplish. We will start with the concept of scarcity and how specialization according to comparative advantage helps us achieve more than we could alone. Next we model a marked using the tools of Supply and Demand and learn what well working markets accomplish and what their limit are. We end by exploring the impact of government intervention on perfect markets. Examples are taken from everyday life, from goods and services that we all purchase and use. We will apply the theory to current events and policy debates through weekly exercises. These will empower you to be an educated, critical thinker who can understand, analyze and evaluate market outcomes.
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Syllabus
Syllabus - What you will learn from this course
Week 1
The Concept of Scarcity
Week 2
Specialization & Trade
Week 3
Supply and Demand
Week 4
Understanding Markets: Elasticities, Market Surplus, Efficiency, and Equity
Week 5
When Government Intervenes
FAQ
When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
What will I get if I purchase the Certificate?
When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.
Reviews
I really liked this course. The lecturer is able to convey terminologies clearly in a short time. The problems are more sophisticated and worth time thinking instead of just toy questions.
Excellent course to get an initial understanding of Micro economics. This course is really well structured and taught excellently by Rebecca and her team.
Nice, short and interesting videos. The assignments are not too difficult or too easy. You can see, that Mrs Stein put a lot of effort into the videos and explanations.
A very good introduction to microeconomics course, the professor was great. She explained all the concepts with ease. I would urge everyone who wants to get started with economics to try this course.
