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Carl Sherwood

This is an introductory program in Microeconomics that provides a learning experience equipping students with the ability to think like an economist. It focuses on how decision-making units within the economy (e.g. consumers, firms, government departments) make choices and how choices can be made in a way that makes best possible use of limited available resources. Since life is in large part about making choices, this program will help you to understand why the world is the way it is, and how to make use of limited available resources.

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This is an introductory program in Microeconomics that provides a learning experience equipping students with the ability to think like an economist. It focuses on how decision-making units within the economy (e.g. consumers, firms, government departments) make choices and how choices can be made in a way that makes best possible use of limited available resources. Since life is in large part about making choices, this program will help you to understand why the world is the way it is, and how to make use of limited available resources.

The three courses within the program are based on a post-graduate introductory microeconomics course taught on campus at The University of Queensland. The Professional Certificate program will set you on the path to thinking critically about all areas of life where choices are made.

This course is for everyone, whether you are studying at university, a career professional interested in expanding your economic knowledge, or simply curious about human and economic behaviour and what influences it. A focus is placed on core economic principles that are immediately applicable rather than formal mathematical theorizing.

What you'll learn

  • Be able to describe microeconomic principles and concepts
  • Have an appreciation for how micro economic data can be used
  • Apply appropriate economic theory related to real-life contexts
  • Critically investigate proposed outcomes using economic theory
  • Ability to interpret and translate economic analysis findings using plain, non-technical language.

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What's inside

Three courses

Principles of Microeconomics: Competitive Markets

(9 hours)
By undertaking this course, you will be immersed in economic concepts including elasticity calculation, elasticity of demand, market pricing, explicit and implicit costs, economic profit and mapping supply.

Principles of Microeconomics: Social Microeconomics

(9 hours)
In this course, we explore imperfect competition, price discrimination, oligopoly, and game theory. You will learn how competitive markets can produce inefficient outcomes in the presence of externalities. The categories of public goods, private goods, collective goods, and common goods are also explored.

Principles of Microeconomics: An Economist Way of Thinking

(9 hours)
Recent global events highlight the importance of informed decision-making about resource allocation and efficiency. This course focuses on how decision-making units within the economy make choices and how those choices can be made to make the best possible use of limited available resources.

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