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Microeconomics

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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Rating 3.8★ based on 5 ratings
Length 6 weeks
Effort 5 weeks of study, 4-7 hours/week
Starts Jul 10 (45 weeks ago)
Cost $49
From University of Pennsylvania via Coursera
Instructor Rebecca Stein
Download Videos On all desktop and mobile devices
Language English
Subjects Social Sciences Business
Tags Social Sciences Business Business Essentials Economics

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What people are saying

questions were really good

Some of the quiz questions were really good, I wish there had been more of these.

fewer but longer videos

Fewer but longer videos would have been easier.

professor spoke too softly

The professor spoke too softly.

way through remaining concepts

The professor starts from first principles and derives her way through remaining concepts in a simple, yet elegant fashion.

derives her way

few lectures seem

It takes a little while to appreciate the methodology, and the first few lectures seem a bit boring, but it is well worth sticking through.

introductory microeconomics course

This is a the first part of a introductory microeconomics course.

well worth sticking

yet elegant fashion

it takes

bit boring

little while

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Assistant Economics PhD Candidate $91k

Route Economics Analyst $94k

Assistant Economics PhD $95k

Visiting Assistant Economics Researcher $137k

Department Chair, Economics $148k

Professor and Head, Department of Economics $151k

Senior Economics Group - Analyst Manager $178k

Chairman, Department of Economics $350k

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Rating 3.8★ based on 5 ratings
Length 6 weeks
Effort 5 weeks of study, 4-7 hours/week
Starts Jul 10 (45 weeks ago)
Cost $49
From University of Pennsylvania via Coursera
Instructor Rebecca Stein
Download Videos On all desktop and mobile devices
Language English
Subjects Social Sciences Business
Tags Social Sciences Business Business Essentials Economics

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